Fmr LLC Buys 14,275 Shares of Vital Energy, Inc. (NYSE:VTLE)

Fmr LLC increased its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 831.4% during the 3rd quarter, Holdings Channel reports. The fund owned 15,992 shares of the company’s stock after buying an additional 14,275 shares during the quarter. Fmr LLC’s holdings in Vital Energy were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Edgestream Partners L.P. acquired a new stake in Vital Energy in the second quarter worth $4,250,000. Raymond James & Associates increased its position in shares of Vital Energy by 96.8% in the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock valued at $3,905,000 after buying an additional 71,385 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Vital Energy by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after buying an additional 282,574 shares during the period. Sei Investments Co. lifted its holdings in Vital Energy by 52.3% during the second quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock worth $2,964,000 after acquiring an additional 22,711 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Vital Energy by 800.9% during the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock worth $24,263,000 after acquiring an additional 481,248 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Trading Down 0.5 %

Shares of NYSE:VTLE opened at $27.89 on Friday. The company’s 50-day moving average price is $29.76 and its two-hundred day moving average price is $35.07. Vital Energy, Inc. has a one year low of $25.85 and a one year 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. The stock has a market capitalization of $1.06 billion, a PE ratio of 1.95 and a beta of 3.19.

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

Insider Transactions at Vital Energy

In related news, EVP Mark David Denny sold 5,145 shares of Vital Energy stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the transaction, the executive vice president now owns 26,358 shares in the company, valued at approximately $796,538.76. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Kathryn Anne Hill sold 2,023 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now directly owns 29,091 shares in the company, valued at approximately $879,130.02. This trade represents a 6.50 % 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 worth $502,017 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.