Cetera Investment Advisers Has $857,000 Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Cetera Investment Advisers lifted its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 15.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,382 shares of the company’s stock after buying an additional 5,295 shares during the period. Cetera Investment Advisers’ holdings in Vital Energy were worth $857,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Westwood Holdings Group Inc. raised its holdings in shares of Vital Energy by 5.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock worth $68,466,000 after buying an additional 118,367 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Vital Energy by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company’s stock worth $43,157,000 after acquiring an additional 9,676 shares during the last quarter. Woodline Partners LP bought a new stake in Vital Energy during the 4th quarter worth $39,392,000. Geode Capital Management LLC grew its position in Vital Energy by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 637,869 shares of the company’s stock worth $19,727,000 after acquiring an additional 4,852 shares during the last quarter. Finally, Condire Management LP bought a new stake in Vital Energy during the 4th quarter worth $19,066,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

VTLE has been the topic of a number of research reports. Wells Fargo & Company restated a “mixed” rating on shares of Vital Energy in a research report on Tuesday, July 15th. Piper Sandler restated a “neutral” rating and set a $17.00 price objective (up previously from $15.00) on shares of Vital Energy in a research report on Thursday, July 17th. Raymond James Financial lowered Vital Energy from an “outperform” rating to an “underperform” rating in a research report on Tuesday, June 24th. Wall Street Zen lowered Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Mizuho reduced their price objective on Vital Energy from $29.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.30.

Insiders Place Their Bets

In other news, major shareholder Richard D. Campbell sold 250,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $18.25, for a total value of $4,562,500.00. Following the completion of the sale, the insider directly owned 7,618,933 shares of the company’s stock, valued at $139,045,527.25. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Vital Energy Trading Up 2.4%

NYSE VTLE opened at $15.39 on Thursday. The business’s 50-day moving average price is $17.81 and its two-hundred day moving average price is $20.00. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $38.02. The firm has a market capitalization of $595.59 million, a PE ratio of -0.78 and a beta of 1.60. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $429.63 million for the quarter, compared to the consensus estimate of $481.25 million. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS. On average, analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

About Vital Energy

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.