Venture Global, Inc. (NYSE:VG) Director Jimmy D. Staton Purchases 49,000 Shares

Venture Global, Inc. (NYSE:VG) Director Jimmy D. Staton bought 49,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $10.13 per share, for a total transaction of $496,370.00. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Venture Global Stock Performance

NYSE:VG opened at $10.65 on Friday. Venture Global, Inc. has a one year low of $8.62 and a one year high of $25.50.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.52 billion during the quarter. On average, research analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.0165 dividend. 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 0.62%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. Scotiabank decreased their price target on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $19.00 price target on the stock. Finally, StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.55.

Venture Global Company Profile

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.