Fisher Asset Management LLC Grows Holdings in Vital Energy, Inc. (NYSE:VTLE)

Fisher Asset Management LLC increased its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 56.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,852 shares of the company’s stock after buying an additional 19,165 shares during the period. Fisher Asset Management LLC owned about 0.18% of Vital Energy worth $2,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTLE. Swiss National Bank increased its position in shares of Vital Energy by 22.2% in the 3rd quarter. Swiss National Bank now owns 44,600 shares of the company’s stock worth $2,472,000 after purchasing an additional 8,100 shares during the last quarter. UBS Group AG increased its position in shares of Vital Energy by 12.8% in the 3rd quarter. UBS Group AG now owns 147,082 shares of the company’s stock worth $8,151,000 after purchasing an additional 16,671 shares during the last quarter. Deutsche Bank AG increased its position in shares of Vital Energy by 23.5% in the 3rd quarter. Deutsche Bank AG now owns 8,661 shares of the company’s stock worth $480,000 after purchasing an additional 1,648 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Vital Energy in the 3rd quarter worth about $136,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Vital Energy by 18.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock worth $97,000 after purchasing an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VTLE shares. Bank of America reissued an “underperform” rating and issued a $46.00 target price on shares of Vital Energy in a research report on Friday, June 14th. Truist Financial decreased their price target on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a report on Friday, April 5th. Piper Sandler decreased their price target on shares of Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Stifel Nicolaus lifted their price target on shares of Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Vital Energy from $57.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, May 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.30.

Vital Energy Trading Down 1.4 %

Vital Energy stock opened at $42.78 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $49.39 and a two-hundred day moving average price of $47.72. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 1.77 and a beta of 3.21. Vital Energy, Inc. has a 52-week low of $40.00 and a 52-week high of $62.87.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The company had revenue of $482.34 million for the quarter, compared to the consensus estimate of $454.97 million. Sell-side analysts expect that Vital Energy, Inc. will post 7.97 earnings per share for the current year.

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.