Raymond James Financial Inc. Has $4.56 Million Stock Holdings in Vital Energy, Inc. $VTLE

Raymond James Financial Inc. increased its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 65.3% during the first quarter, Holdings Channel reports. The institutional investor owned 214,967 shares of the company’s stock after purchasing an additional 84,899 shares during the period. Raymond James Financial Inc.’s holdings in Vital Energy were worth $4,562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its position in shares of Vital Energy by 48.3% during the first quarter. Westwood Holdings Group Inc. now owns 3,284,584 shares of the company’s stock worth $69,699,000 after purchasing an additional 1,070,289 shares during the period. Vanguard Group Inc. grew its position in Vital Energy by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company’s stock valued at $45,895,000 after purchasing an additional 46,300 shares during the period. Woodline Partners LP bought a new stake in Vital Energy during the 4th quarter valued at $39,392,000. American Century Companies Inc. raised its holdings in Vital Energy by 35.8% during the first quarter. American Century Companies Inc. now owns 675,293 shares of the company’s stock worth $14,330,000 after buying an additional 177,851 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vital Energy by 16.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company’s stock worth $12,492,000 after buying an additional 83,788 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Down 5.7%

Shares of NYSE:VTLE opened at $16.41 on Friday. Vital Energy, Inc. has a 1 year low of $12.30 and a 1 year high of $36.72. The company has a market capitalization of $634.87 million, a PE ratio of -0.83 and a beta of 1.62. The business has a fifty day moving average price of $16.97 and a two-hundred day moving average price of $18.04. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.79 and a quick ratio of 0.79.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Vital Energy from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Raymond James Financial cut shares of Vital Energy from an “outperform” rating to an “underperform” rating in a research report on Tuesday, June 24th. Mizuho decreased their price objective on Vital Energy from $29.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company reissued a “mixed” rating on shares of Vital Energy in a research note on Tuesday, July 15th. Finally, Wall Street Zen cut Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $28.20.

Insider Buying and Selling

In other Vital Energy news, major shareholder Richard D. Campbell sold 50,000 shares of Vital Energy stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $18.12, for a total value of $906,000.00. Following the sale, the insider owned 7,568,933 shares of the company’s stock, valued at approximately $137,149,065.96. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

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.