Venture Global, Inc. (NYSE:VG – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.71, but opened at $10.47. Venture Global shares last traded at $10.59, with a volume of 445,764 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $19.00 price target on the stock. The Goldman Sachs Group set a $20.00 price target on shares of Venture Global and gave the stock a “buy” rating in a research note on Friday, March 7th. Guggenheim decreased their price objective on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 10th. StockNews.com downgraded shares of Venture Global from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Wells Fargo & Company decreased their price objective on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.55.
Read Our Latest Stock Analysis on VG
Venture Global Price Performance
Venture Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.0165 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.60%.
Insider Buying and Selling
In other news, insider Michael Sabel acquired 234,500 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $10.53 per share, with a total value of $2,469,285.00. Following the transaction, the insider now directly owns 1,185,885 shares in the company, valued at approximately $12,487,369.05. The trade was a 24.65 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jimmy D. Staton acquired 49,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $10.13 per share, with a total value of $496,370.00. Following the transaction, the director now owns 49,000 shares in the company, valued at approximately $496,370. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 803,000 shares of company stock worth $8,108,260 over the last ninety days. Company insiders own 4.72% of the company’s stock.
About Venture Global
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.
Featured Articles
- Five stocks we like better than Venture Global
- What is the Dogs of the Dow Strategy? Overview and Examples
- Super Micro’s International Presence Makes It a Winning Stock
- How to Invest in Biotech Stocks
- Grocery Outlet Insider and Institutional Buyers Signal Bottom
- EV Stocks and How to Profit from Them
- Consumers Are Cutting Back, But These 3 Stocks Will Stay Strong
Receive News & Ratings for Venture Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venture Global and related companies with MarketBeat.com's FREE daily email newsletter.