Venture Global (NYSE:VG) Stock Price Up 3.7% - Here's What Happened

Venture Global, Inc. (NYSE:VG - Get Free Report)'s share price shot up 3.7% on Monday . The company traded as high as $10.35 and last traded at $10.32. 994,926 shares changed hands during trading, a decline of 88% from the average session volume of 8,535,928 shares. The stock had previously closed at $9.95.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein began coverage on Venture Global in a research note on Tuesday, February 4th. They issued a "market perform" rating and a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a "buy" rating and a $19.00 target price for the company. The Goldman Sachs Group set a $20.00 price target on Venture Global and gave the company a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on Venture Global from $25.00 to $16.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Finally, StockNews.com downgraded Venture Global from a "hold" rating to a "sell" rating in a research note on Saturday, March 15th. One 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.55.

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Venture Global Price Performance

The firm's fifty day simple moving average is $13.63.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion during the quarter. Sell-side analysts predict that Venture Global, Inc. will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Monday, March 10th.

Insider Buying and Selling at Venture Global

In other Venture Global news, insider Michael Sabel acquired 234,500 shares of Venture Global stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $10.53 per share, with a total value of $2,469,285.00. Following the acquisition, the insider now owns 1,185,885 shares of the company's stock, valued at approximately $12,487,369.05. The trade was a 24.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jimmy D. Staton bought 49,000 shares of Venture Global stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $10.13 per share, for a total transaction of $496,370.00. Following the purchase, the director now directly owns 49,000 shares in the company, valued at $496,370. This represents a ∞ increase in their position. 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 three months. Corporate 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.