New York State Teachers Retirement System Purchases 1,193 Shares of Vital Energy, Inc. (NYSE:VTLE)

New York State Teachers Retirement System lifted its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,192 shares of the company’s stock after acquiring an additional 1,193 shares during the quarter. New York State Teachers Retirement System’s holdings in Vital Energy were worth $600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VTLE. BluePath Capital Management LLC bought a new stake in shares of Vital Energy during the third quarter worth $31,000. Ameritas Investment Partners Inc. bought a new stake in shares of Vital Energy during the second quarter worth $58,000. PNC Financial Services Group Inc. bought a new stake in shares of Vital Energy during the second quarter worth $67,000. Tower Research Capital LLC TRC bought a new stake in shares of Vital Energy during the second quarter worth $71,000. Finally, Centerpoint Advisors LLC grew its stake in shares of Vital Energy by 31.7% during the third quarter. Centerpoint Advisors LLC now owns 2,075 shares of the company’s stock worth $115,000 after purchasing an additional 500 shares during the period. Institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. Stifel Nicolaus decreased their price objective on Vital Energy from $86.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Wells Fargo & Company lifted their price objective on Vital Energy from $51.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday. KeyCorp decreased their price objective on Vital Energy from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Finally, Mizuho lifted their price objective on Vital Energy from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.30.

Vital Energy Stock Down 0.7 %

NYSE:VTLE opened at $53.26 on Friday. Vital Energy, Inc. has a 1 year low of $40.00 and a 1 year high of $62.87. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 1.62 and a beta of 3.24. The stock has a 50-day moving average price of $50.66 and a two-hundred day moving average price of $47.92.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.11. The company had revenue of $444.52 million for the quarter, compared to analyst estimates of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.49 earnings per share. As a group, equities analysts expect that Vital Energy, Inc. will post 9.45 earnings per share for the current year.

Vital Energy Company Profile

Vital Energy, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company was formerly known as Laredo Petroleum, Inc and changed its name to Vital Energy, Inc in January 2023.