Venture Global Sees Unusually High Options Volume (NYSE:VG)

Venture Global, Inc. (NYSE:VG) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 15,347 call options on the stock. This is an increase of approximately 220% compared to the typical daily volume of 4,789 call options.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $19.00 target price on the stock. Bank of America started coverage on Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $23.00 target price for the company. The Goldman Sachs Group initiated coverage on Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $29.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued an “overweight” rating and a $25.00 target price on the stock. Finally, Mizuho initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an “outperform” rating and a $25.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Venture Global presently has a consensus rating of “Moderate Buy” and an average price target of $21.91.

Venture Global Trading Up 2.9 %

NYSE:VG traded up $0.40 during midday trading on Tuesday, reaching $14.31. The company had a trading volume of 2,543,581 shares, compared to its average volume of 7,583,643. Venture Global has a 12-month low of $13.28 and a 12-month high of $25.50.

Venture Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.0165 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.46%.

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.