PNC Financial Services Group Inc. Raises Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

PNC Financial Services Group Inc. lifted its stake in Vital Energy, Inc. (NYSE:VTLE) by 81.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,956 shares of the company’s stock after purchasing an additional 3,115 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vital Energy were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Vital Energy by 14.4% during the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after acquiring an additional 220,871 shares during the period. Barclays PLC increased its stake 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 purchasing 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 4th quarter. Tributary Capital Management LLC now owns 428,295 shares of the company’s stock valued at $13,243,000 after purchasing an additional 132,924 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Vital Energy during the 4th quarter valued at $4,022,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Vital Energy by 25.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company’s stock valued at $15,611,000 after buying an additional 103,583 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Vital Energy Stock Down 2.7 %

Shares of NYSE VTLE opened at $22.15 on Monday. Vital Energy, Inc. has a 52-week low of $19.85 and a 52-week high of $58.30. The firm has a market capitalization of $844.19 million, a price-to-earnings ratio of -4.66 and a beta of 3.07. The stock has a 50 day moving average price of $29.48 and a 200 day moving average price of $29.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78.

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 the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million during the quarter, compared to analysts’ expectations of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Sell-side analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VTLE. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Mizuho lifted their target price on Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Raymond James cut their target price on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Piper Sandler reduced their price objective on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Vital Energy presently has a consensus rating of “Hold” and a consensus price target of $40.46.

Insiders Place Their Bets

In related news, COO Kathryn Anne Hill sold 5,673 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 $117,601.29. Following the sale, the chief operating officer now owns 46,413 shares of the company’s stock, valued at $962,141.49. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $207,300.00. Following the sale, the chief financial officer now directly 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 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 worth $448,742 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Vital Energy Company 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.