Thomist Capital Management LP Invests $10.44 Million in Vital Energy, Inc. (NYSE:VTLE)

Thomist Capital Management LP acquired a new position in shares of Vital Energy, Inc. (NYSE:VTLE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 231,500 shares of the company’s stock, valued at approximately $10,443,000. Vital Energy makes up 3.9% of Thomist Capital Management LP’s portfolio, making the stock its 9th biggest position. Thomist Capital Management LP owned about 0.63% of Vital Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VTLE. First Eagle Investment Management LLC increased its position in Vital Energy by 4.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 216,905 shares of the company’s stock valued at $9,722,000 after buying an additional 9,200 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Vital Energy during the second quarter valued at about $579,000. Denali Advisors LLC raised its position in shares of Vital Energy by 527.4% in the 2nd quarter. Denali Advisors LLC now owns 39,527 shares of the company’s stock valued at $1,772,000 after purchasing an additional 33,227 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Vital Energy in the 2nd quarter worth approximately $4,250,000. Finally, Dimensional Fund Advisors LP grew its position 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 purchasing an additional 282,574 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

VTLE has been the subject of a number of research analyst reports. Mizuho decreased their price target on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating for the company in a report on Monday. Piper Sandler lowered their price target on Vital Energy from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. reduced their price objective on Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Wells Fargo & Company dropped their target price on Vital Energy from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, July 22nd. Finally, Bank of America reissued an “underperform” rating and set a $46.00 price target on shares of Vital Energy in a research report on Friday, June 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $52.45.

Vital Energy Price Performance

Shares of NYSE VTLE opened at $29.62 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 1.23 and a beta of 3.17. The firm’s 50 day simple moving average is $37.57 and its 200-day simple moving average is $45.31. Vital Energy, Inc. has a 12 month low of $26.02 and a 12 month high of $58.30.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.42). The firm had revenue of $476.37 million for the quarter, compared to analyst estimates of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The firm’s quarterly revenue was up 42.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.35 EPS. Analysts expect that Vital Energy, Inc. will post 6.27 EPS for the current year.

Insider Activity

In other Vital Energy news, CEO M. Jason Pigott purchased 2,500 shares of Vital Energy stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $37.85 per share, with a total value of $94,625.00. Following the acquisition, the chief executive officer now owns 169,389 shares of the company’s stock, valued at approximately $6,411,373.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

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.