Sei Investments Co. Has $2.93 Million Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Sei Investments Co. lifted its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 94,691 shares of the company’s stock after buying an additional 2,312 shares during the period. Sei Investments Co.’s holdings in Vital Energy were worth $2,928,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Intech Investment Management LLC bought a new position in Vital Energy in the third quarter valued at approximately $228,000. Charles Schwab Investment Management Inc. increased its stake in shares of Vital Energy by 29.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company’s stock valued at $10,795,000 after purchasing an additional 90,523 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Vital Energy by 3.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock worth $390,000 after buying an additional 503 shares during the last quarter. FMR LLC boosted its stake in Vital Energy by 831.4% in the third quarter. FMR LLC now owns 15,992 shares of the company’s stock valued at $430,000 after buying an additional 14,275 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new stake in Vital Energy in the third quarter valued at about $472,000. Institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

VTLE has been the subject of several research analyst reports. Piper Sandler lowered their target price on Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho raised their target price on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Siebert Williams Shank downgraded shares of Vital Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, Raymond James cut their price objective on Vital Energy from $44.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vital Energy has an average rating of “Hold” and a consensus price target of $38.08.

Insider Transactions at Vital Energy

In related news, CFO Bryan Lemmerman sold 10,000 shares of the company’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 sale, the chief financial officer now owns 97,556 shares in the company, valued at $2,022,335.88. This represents a 9.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark David Denny sold 5,974 shares of Vital Energy 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 $123,841.02. Following the completion of the sale, the executive vice president now owns 42,494 shares of the company’s stock, valued at approximately $880,900.62. The trade was a 12.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,647 shares of company stock worth $448,742. Company insiders own 1.20% of the company’s stock.

Vital Energy Stock Down 17.1 %

Shares of VTLE opened at $13.94 on Friday. The stock’s 50-day moving average price is $26.51 and its two-hundred day moving average price is $29.10. Vital Energy, Inc. has a 12 month low of $13.40 and a 12 month high of $58.30. The company has a market capitalization of $531.22 million, a PE ratio of -2.93 and a beta of 3.07. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million for 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%. On average, analysts anticipate that Vital Energy, Inc. will post 8.49 EPS for the current 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.