Venture Global (NYSE:VG) Given New $14.00 Price Target at Royal Bank of Canada

Venture Global (NYSE:VG - Free Report) had its price target reduced by Royal Bank of Canada from $15.00 to $14.00 in a report published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also commented on VG. Sanford C. Bernstein began coverage on shares of Venture Global in a research report on Tuesday, February 4th. They set a "market perform" rating and a $20.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a "buy" rating and a $19.00 price target for the company. The Goldman Sachs Group set a $20.00 price objective on Venture Global and gave the stock a "buy" rating in a research note on Friday, March 7th. Mizuho lowered their price objective 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, JPMorgan Chase & Co. cut their target price on Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.

Venture Global Stock Up 2.1 %

Shares of Venture Global stock traded up $0.19 during trading on Monday, reaching $9.35. 6,866,939 shares of the stock traded hands, compared to its average volume of 7,736,429. Venture Global has a 52-week low of $6.75 and a 52-week high of $25.50. The firm's fifty day moving average price is $9.42.

Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter. On average, equities analysts expect that Venture Global will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $0.0165 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.71%.

Insider Transactions at Venture Global

In other Venture Global news, insider Michael Sabel bought 234,500 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $10.53 per share, for a total transaction of $2,469,285.00. Following the acquisition, the insider now directly owns 1,185,885 shares in the company, valued at approximately $12,487,369.05. The trade was a 24.65 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert B. Pender bought 250,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $9.37 per share, for a total transaction of $2,342,500.00. Following the transaction, the insider now directly owns 250,000 shares in the company, valued at approximately $2,342,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 803,000 shares of company stock valued at $8,108,260. 86.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Venture Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Center for Financial Planning Inc. purchased a new stake in Venture Global during the first quarter worth $37,000. ORG Wealth Partners LLC bought a new position in shares of Venture Global in the 1st quarter worth $60,000. Federated Hermes Inc. purchased a new stake in shares of Venture Global during the 1st quarter worth $74,000. Stephens Inc. AR bought a new stake in Venture Global during the first quarter valued at about $114,000. Finally, Defined Wealth Management LLC purchased a new position in Venture Global in the first 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.