Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Vital Energy, Inc. (NYSE:VTLE) by 22.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 179,975 shares of the company’s stock after selling 51,155 shares during the quarter. Bank of New York Mellon Corp’s holdings in Vital Energy were worth $5,565,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in shares of Vital Energy during the 3rd quarter worth $26,000. Nisa Investment Advisors LLC boosted its stake in shares of Vital Energy by 276.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after purchasing an additional 803 shares during the last quarter. R Squared Ltd purchased a new position in shares of Vital Energy during the 4th quarter worth about $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Vital Energy by 247.4% during the 4th 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 period. Finally, ZWJ Investment Counsel Inc. purchased a new position in shares of Vital Energy during the 4th quarter worth about $214,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now 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 filing with the SEC, which can be accessed through this link. Also, EVP Mark David Denny sold 5,974 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $123,841.02. Following the completion of the sale, the executive vice president now directly owns 42,494 shares of the company’s stock, valued at approximately $880,900.62. The trade was a 12.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,647 shares of company stock valued at $448,742. 1.20% of the stock is owned by corporate insiders.

Vital Energy Price Performance

Shares of NYSE VTLE opened at $21.19 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The firm’s 50-day simple moving average is $30.70 and its 200 day simple moving average is $30.08. Vital Energy, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $58.30. The stock has a market cap of $807.59 million, a P/E ratio of -4.46 and a beta of 3.07.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $534.37 million for the quarter, compared to analysts’ expectations of $550.90 million. Equities analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on VTLE. JPMorgan Chase & Co. cut their price target on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday. Mizuho lifted their price objective on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Williams Trading set a $27.00 price objective on shares of Vital Energy in a report on Wednesday, March 5th. Finally, Truist Financial decreased their price objective on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a report on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.46.

Vital Energy 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.