Jimmy D. Staton Buys 49,000 Shares of Venture Global, Inc. (NYSE:VG) Stock

Venture Global, Inc. (NYSE:VGGet Free Report) Director Jimmy D. Staton bought 49,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $10.13 per share, with a total value of $496,370.00. Following the completion of the acquisition, the director now directly owns 49,000 shares in the company, valued at $496,370. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Venture Global Stock Down 5.7 %

VG stock traded down $0.58 during midday trading on Thursday, reaching $9.67. 7,865,066 shares of the company’s stock traded hands, compared to its average volume of 9,306,262. Venture Global, Inc. has a fifty-two week low of $8.62 and a fifty-two week high of $25.50.

Venture Global (NYSE:VGGet Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.52 billion for the quarter. Analysts expect that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.0165 per share. The ex-dividend date is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VG shares. Mizuho lowered their price target on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday. Scotiabank lowered their price target on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. The Goldman Sachs Group set a $20.00 price target on shares of Venture Global and gave the stock a “buy” rating in a report on Friday, March 7th. StockNews.com downgraded shares of Venture Global from a “hold” rating to a “sell” rating in a report on Tuesday, March 4th. Finally, Citigroup lowered their price target on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.55.

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About Venture Global

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Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.

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