Mirae Asset Global Investments Co. Ltd. Acquires Shares of 10,573 Vital Energy, Inc. (NYSE:VTLE)

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Vital Energy, Inc. (NYSE:VTLE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,573 shares of the company’s stock, valued at approximately $481,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VTLE. Raymond James & Associates acquired a new position in Vital Energy in the 4th quarter valued at about $2,432,000. Moody National Bank Trust Division grew its position in shares of Vital Energy by 250.0% in the fourth quarter. Moody National Bank Trust Division now owns 35,000 shares of the company’s stock valued at $1,592,000 after purchasing an additional 25,000 shares during the last quarter. UBS Group AG grew its position in shares of Vital Energy by 12.8% in the third quarter. UBS Group AG now owns 147,082 shares of the company’s stock valued at $8,151,000 after purchasing an additional 16,671 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Vital Energy during the third quarter worth approximately $1,164,000. Finally, Aigen Investment Management LP acquired a new stake in Vital Energy during the 3rd quarter worth approximately $1,529,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on VTLE shares. Wells Fargo & Company upped their price objective on Vital Energy from $51.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, April 18th. Piper Sandler decreased their price target on shares of Vital Energy from $54.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Mizuho raised their price target on shares of Vital Energy from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Raymond James boosted their price objective on shares of Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, KeyCorp increased their target price on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Vital Energy currently has an average rating of “Hold” and a consensus price target of $59.40.

Vital Energy Stock Up 1.1 %

NYSE VTLE opened at $55.24 on Friday. The business has a fifty day moving average price of $51.87 and a two-hundred day moving average price of $48.16. The stock has a market capitalization of $2.03 billion, a PE ratio of 1.68 and a beta of 3.24. Vital Energy, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share 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 the consensus estimate of $440.85 million. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $3.49 EPS. Equities analysts expect that Vital Energy, Inc. will post 9.13 earnings per share for the current fiscal 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.