Venture Global, Inc. (NYSE:VG – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $13.83, but opened at $13.30. Venture Global shares last traded at $13.38, with a volume of 1,762,942 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on VG. Bank of America increased their price objective on shares of Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. New Street Research set a $15.00 price objective on shares of Venture Global in a research note on Tuesday, March 3rd. Royal Bank Of Canada increased their price objective on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Scotiabank increased their price objective on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $16.00 price objective on shares of Venture Global in a research note on Wednesday, May 20th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.47.
Get Our Latest Research Report on VG
Venture Global Trading Down 5.3%
Venture Global (NYSE:VG – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $4.60 billion during the quarter. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business’s revenue was up 58.9% on a year-over-year basis. As a group, analysts forecast that Venture Global, Inc. will post 1.39 EPS for the current fiscal year.
Venture Global Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.018 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. This is a boost from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is presently 7.78%.
Insider Buying and Selling
In other Venture Global news, VP Fory Musser sold 2,000,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brian Cothran sold 473,533 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $14.81, for a total transaction of $7,013,023.73. The SEC filing for this sale provides additional information. Insiders sold 8,831,623 shares of company stock worth $121,592,681 in the last 90 days. 84.24% of the stock is currently owned by corporate insiders.
Institutional Trading of Venture Global
A number of hedge funds have recently made changes to their positions in VG. Royal Bank of Canada acquired a new position in shares of Venture Global during the first quarter worth $2,150,000. Integrated Wealth Concepts LLC acquired a new position in shares of Venture Global during the first quarter worth $152,000. NewEdge Advisors LLC acquired a new position in shares of Venture Global during the first quarter worth $460,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global during the second quarter worth $26,000. Finally, Amundi acquired a new stake in shares of Venture Global during the second quarter worth approximately $213,000.
Venture Global Company Profile
Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.
Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.
Featured Articles
- Five stocks we like better than Venture Global
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
- AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
- 3 Defense Giants Boosting Dividends as Shares Take a Ride
- Powerhouse Williams-Sonoma Heading to Fresh Highs in 2026
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.
