Venture Global, Inc. (NYSE:VG) Declares $0.02 Quarterly Dividend

Venture Global, Inc. (NYSE:VG - Get Free Report) declared a quarterly dividend on Friday, May 30th, RTT News reports. Shareholders of record on Tuesday, June 10th will be paid a dividend of 0.0165 per share on Monday, June 30th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.57%.

Venture Global Stock Performance

Venture Global stock traded down $0.28 during midday trading on Friday, hitting $11.57. 9,723,118 shares of the company were exchanged, compared to its average volume of 7,592,015. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The stock has a fifty day simple moving average of $9.44.

Venture Global (NYSE:VG - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. On average, analysts forecast that Venture Global will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Venture Global

In other news, Director Jimmy D. Staton bought 49,000 shares of the business'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 transaction, the director now directly owns 49,000 shares of the company's stock, valued at approximately $496,370. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Sabel purchased 234,500 shares of the firm's stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $10.53 per share, with a total value of $2,469,285.00. Following the completion of the purchase, the insider now owns 1,185,885 shares in the company, valued at $12,487,369.05. This represents a 24.65% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 803,000 shares of company stock valued at $8,108,260. 86.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Venture Global

Several institutional investors have recently modified their holdings of VG. Integrated Wealth Concepts LLC acquired a new position in Venture Global during the first quarter worth about $152,000. NewEdge Advisors LLC bought a new position in shares of Venture Global during the 1st quarter valued at about $460,000. Finally, Royal Bank of Canada bought a new position in shares of Venture Global during the 1st quarter valued at about $2,150,000.

Analyst Ratings Changes

Several analysts have recently weighed in on VG shares. Bank of America lowered their target price on Venture Global from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Guggenheim lowered their price objective on Venture Global from $27.00 to $20.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Wells Fargo & Company reaffirmed a "reduce" rating on shares of Venture Global in a research report on Wednesday, May 14th. Mizuho reduced their target price on Venture Global from $25.00 to $18.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, Sanford C. Bernstein began coverage on shares of Venture Global in a research note on Tuesday, February 4th. They issued a "market perform" rating and a $20.00 price target for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Venture Global presently has a consensus rating of "Hold" and an average target price of $15.63.

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.