Vital Energy, Inc. (NYSE:VTLE) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Vital Energy, Inc. (NYSE:VTLE) by 2.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 633,017 shares of the company’s stock after acquiring an additional 17,782 shares during the period. Geode Capital Management LLC’s holdings in Vital Energy were worth $17,031,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VTLE. First Horizon Advisors Inc. purchased a new stake in Vital Energy in the third quarter valued at approximately $26,000. International Assets Investment Management LLC grew its stake in shares of Vital Energy by 2,590.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after buying an additional 1,943 shares during the period. Signaturefd LLC increased its holdings in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after buying an additional 1,630 shares during the last quarter. nVerses Capital LLC raised its position in shares of Vital Energy by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after buying an additional 900 shares during the period. Finally, US Bancorp DE boosted its holdings in Vital Energy by 1,878.3% in the third quarter. US Bancorp DE now owns 6,390 shares of the company’s stock valued at $172,000 after acquiring an additional 6,067 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark David Denny sold 5,145 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $155,481.90. Following the sale, the executive vice president now owns 26,358 shares of the company’s stock, valued at approximately $796,538.76. The trade was a 16.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the transaction, the chief financial officer now directly owns 77,516 shares of the company’s stock, valued at $2,212,306.64. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,168 shares of company stock valued at $502,017 in the last quarter. Company insiders own 1.20% of the company’s stock.

Vital Energy Trading Down 0.1 %

VTLE opened at $29.39 on Monday. The firm’s fifty day moving average price is $29.92 and its 200 day moving average price is $34.33. The stock has a market capitalization of $1.12 billion, a PE ratio of 2.06 and a beta of 3.19. Vital Energy, Inc. has a 12-month low of $25.85 and a 12-month high of $58.30. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The business had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.16 EPS. As a group, research analysts expect that Vital Energy, Inc. will post 6.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VTLE has been the topic of several research analyst reports. BMO Capital Markets reduced their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Mizuho cut their target price on shares of Vital Energy from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Truist Financial lowered their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Piper Sandler decreased their target price on Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Vital Energy has an average rating of “Hold” and a consensus price target of $46.00.

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.