Virtu Financial LLC Makes New Investment in Vital Energy, Inc. (NYSE:VTLE)

Virtu Financial LLC acquired a new position in shares of Vital Energy, Inc. (NYSE:VTLE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,671 shares of the company’s stock, valued at approximately $440,000.

Several other large investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of Vital Energy by 18.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock valued at $97,000 after buying an additional 274 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after buying an additional 277 shares during the last quarter. ORG Partners LLC grew its stake in Vital Energy by 100.0% in the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in Vital Energy by 3.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 14,495 shares of the company’s stock worth $804,000 after purchasing an additional 461 shares during the period. Finally, GAMMA Investing LLC bought a new stake in Vital Energy during the 4th quarter valued at $33,000. 86.54% of the stock is owned by institutional investors.

Vital Energy Trading Up 1.2 %

Shares of NYSE:VTLE opened at $42.38 on Wednesday. The business’s 50-day moving average is $50.24 and its 200 day moving average is $47.81. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $1.55 billion, a P/E ratio of 1.76 and a beta of 3.21. Vital Energy, Inc. has a 1 year low of $40.00 and a 1 year high of $62.87.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. The business had revenue of $482.34 million for the quarter, compared to analyst estimates of $454.97 million. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. On average, research analysts predict that Vital Energy, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VTLE has been the subject of several research reports. Piper Sandler lowered their target price on Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Truist Financial lowered their target price on Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a report on Friday, April 5th. Stifel Nicolaus upped their target price on Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. KeyCorp upped their target price on Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Mizuho upped their price objective on Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.30.

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.