Swiss National Bank Sells 1,800 Shares of Vital Energy, Inc. (NYSE:VTLE)

Swiss National Bank lowered its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,100 shares of the company’s stock after selling 1,800 shares during the quarter. Swiss National Bank’s holdings in Vital Energy were worth $1,394,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Vital Energy during the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC lifted its position in shares of Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after purchasing an additional 803 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Vital Energy by 247.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock worth $48,000 after acquiring an additional 1,106 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Vital Energy in the 4th quarter valued at about $96,000. Finally, Arizona State Retirement System bought a new position in shares of Vital Energy in the 4th quarter worth $206,000. Institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Down 2.5 %

Shares of NYSE VTLE opened at $21.57 on Friday. The firm has a market cap of $822.35 million, a PE ratio of -4.54 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. Vital Energy, Inc. has a 1 year low of $19.85 and a 1 year high of $58.30. The company has a 50 day simple moving average of $28.13 and a 200 day simple moving average of $29.39.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VTLE. Truist Financial reduced their price target on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company reduced their target price on Vital Energy from $36.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday. Williams Trading set a $27.00 target price on Vital Energy in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.54.

Insider Activity

In related news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $207,300.00. Following the transaction, the chief financial officer now directly owns 97,556 shares in the company, valued at $2,022,335.88. This trade represents a 9.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Kathryn Anne Hill sold 5,673 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $117,601.29. Following the completion of the transaction, the chief operating officer now directly owns 46,413 shares in the company, valued at approximately $962,141.49. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,647 shares of company stock worth $448,742 in the last quarter. 1.20% of the stock is owned by corporate 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.