Charles Schwab Investment Management Inc. Buys 103,583 Shares of Vital Energy, Inc. (NYSE:VTLE)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 25.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 504,885 shares of the company’s stock after acquiring an additional 103,583 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Vital Energy were worth $15,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after buying an additional 220,871 shares in the last quarter. Geode Capital Management LLC boosted its stake in Vital Energy by 2.9% during the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after buying an additional 17,782 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Vital Energy by 45.0% during the fourth quarter. Tributary Capital Management LLC now owns 428,295 shares of the company’s stock worth $13,243,000 after buying an additional 132,924 shares in the last quarter. Barclays PLC boosted its stake in Vital Energy by 124.0% during the third quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after buying an additional 187,503 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Vital Energy by 22.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 311,130 shares of the company’s stock worth $8,369,000 after buying an additional 57,810 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Stock Performance

Vital Energy stock opened at $22.82 on Friday. The stock has a 50-day simple moving average of $29.75 and a 200 day simple moving average of $29.77. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. Vital Energy, Inc. has a 12-month low of $19.85 and a 12-month high of $58.30. The stock has a market capitalization of $869.73 million, a price-to-earnings ratio of -4.80 and a beta of 3.07.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The business had revenue of $534.37 million during the quarter, compared to analysts’ expectations of $550.90 million. On average, research analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VTLE. Mizuho lifted their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Truist Financial reduced their target price on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Siebert Williams Shank downgraded shares of Vital Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. Citigroup downgraded shares of Vital Energy to a “reduce” rating in a research note on Wednesday, March 5th. Finally, Piper Sandler reduced their target price on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.46.

Insiders Place Their Bets

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the sale, the chief financial officer now directly owns 97,556 shares of the company’s stock, valued at approximately $2,022,335.88. The trade was a 9.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kathryn Anne Hill sold 5,673 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $117,601.29. Following the sale, the chief operating officer now directly owns 46,413 shares of the company’s stock, valued at $962,141.49. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,647 shares of company stock valued at $448,742. 1.20% of the stock is currently owned by insiders.

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.