Venture Global (NYSE:VG) Price Target Raised to $12.00

Venture Global (NYSE:VG) had its price target increased by Wells Fargo & Company from $11.00 to $12.00 in a research note issued to investors on Wednesday, Marketbeat reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also issued reports on VG. Scotiabank reduced their target price on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft began coverage on Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $19.00 price objective for the company. UBS Group started coverage on Venture Global in a research report on Friday, April 4th. They issued a “buy” rating and a $14.00 target price on the stock. The Goldman Sachs Group set a $20.00 target price on Venture Global and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their price target on Venture Global from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Venture Global has a consensus rating of “Hold” and an average target price of $15.63.

Venture Global Stock Performance

Shares of Venture Global stock opened at $10.06 on Wednesday. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50. The business’s 50 day moving average is $9.38.

Venture Global (NYSE:VG) last issued its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. As a group, research analysts expect that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $0.0165 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.66%.

Insider Transactions at Venture Global

In other news, insider Robert B. Pender acquired 269,500 shares of Venture Global stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $10.39 per share, with a total value of $2,800,105.00. Following the completion of the purchase, the insider now owns 719,885 shares of the company’s stock, valued at $7,479,605.15. This represents a 59.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jimmy D. Staton bought 49,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 49,000 shares of the company’s stock, valued at $496,370. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 803,000 shares of company stock valued at $8,108,260 in the last three months. 86.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Venture Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in VG. Center for Financial Planning Inc. acquired a new stake in shares of Venture Global in the first quarter worth $37,000. ORG Wealth Partners LLC acquired a new stake in Venture Global during the 1st quarter worth about $60,000. Federated Hermes Inc. acquired a new stake in Venture Global during the 1st quarter worth about $74,000. PEAK6 LLC purchased a new position in Venture Global during the 1st quarter valued at about $114,000. Finally, Stephens Inc. AR acquired a new position in shares of Venture Global in the 1st quarter valued at about $114,000.

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.