Vanguard Group Inc. Purchases 62,771 Shares of Vital Energy, Inc. (NYSE:VTLE)

Vanguard Group Inc. raised its position in Vital Energy, Inc. (NYSE:VTLE) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,116,497 shares of the company’s stock after buying an additional 62,771 shares during the period. Vanguard Group Inc. owned 0.06% of Vital Energy worth $65,442,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VTLE. State Street Corp increased its position in shares of Vital Energy by 14.4% in the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after buying an additional 220,871 shares in the last quarter. Barclays PLC increased its holdings in shares of Vital Energy by 124.0% in the third quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after acquiring an additional 187,503 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of 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 purchasing an additional 132,924 shares during the period. Raymond James Financial Inc. bought a new position in shares of Vital Energy during the 4th quarter valued at about $4,022,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Vital Energy by 25.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company’s stock valued at $15,611,000 after purchasing an additional 103,583 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vital Energy news, major shareholder Richard D. Campbell bought 5,000 shares of Vital Energy stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $17.75 per share, with a total value of $88,750.00. Following the completion of the transaction, the insider now owns 43,072 shares in the company, valued at $764,528. The trade was a 13.13 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the firm’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 transaction, the chief financial officer now directly owns 97,556 shares in the company, valued at approximately $2,022,335.88. This represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,647 shares of company stock valued at $448,742 over the last 90 days. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho raised their target price on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Wells Fargo & Company cut their price objective on shares of Vital Energy from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Raymond James lowered their target price on Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Siebert Williams Shank lowered Vital Energy from a “buy” rating to a “hold” rating and cut their price target for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.08.

Vital Energy Stock Down 15.3 %

NYSE:VTLE opened at $13.28 on Friday. The firm has a market capitalization of $506.32 million, a price-to-earnings ratio of -2.80 and a beta of 2.82. 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 twelve month low of $12.30 and a twelve month high of $58.30. The stock’s 50 day moving average price is $24.26 and its two-hundred day moving average price is $28.45.

Vital Energy (NYSE:VTLE) last issued 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. The business had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. Equities research analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

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.