Vital Energy, Inc. (NYSE:VTLE) Holdings Decreased by MQS Management LLC

MQS Management LLC lessened its stake in Vital Energy, Inc. (NYSE:VTLE) by 34.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,327 shares of the company’s stock after selling 2,852 shares during the period. MQS Management LLC’s holdings in Vital Energy were worth $239,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Vital Energy by 800.9% in the 2nd 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 during the period. Dimensional Fund Advisors LP lifted its position in Vital Energy by 19.6% in the second 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 period. Thomist Capital Management LP bought a new position in Vital Energy during the 2nd quarter valued at $10,443,000. Webs Creek Capital Management LP acquired a new position in shares of Vital Energy during the 1st quarter valued at $7,619,000. Finally, Peregrine Capital Management LLC acquired a new position in shares of Vital Energy during the 1st quarter valued at $5,666,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Stock Down 2.1 %

NYSE:VTLE opened at $29.74 on Friday. Vital Energy, Inc. has a 1-year low of $26.02 and a 1-year high of $58.30. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 1.23 and a beta of 3.17. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $36.71 and its 200 day moving average price is $44.97.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The company had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. During the same period last year, the company earned $4.35 earnings per share. Vital Energy’s revenue for the quarter was up 42.2% compared to the same quarter last year. On average, sell-side analysts forecast that Vital Energy, Inc. will post 6.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Energy

In related news, CEO M. Jason Pigott purchased 2,500 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the acquisition, the chief executive officer now directly owns 169,389 shares in the company, valued at approximately $6,411,373.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on VTLE. JPMorgan Chase & Co. decreased their target price 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 lowered their price objective on shares of Vital Energy from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, July 22nd. Bank of America reissued an “underperform” rating and set a $46.00 target price on shares of Vital Energy in a research note on Friday, June 14th. Piper Sandler decreased their price target on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Finally, KeyCorp downgraded Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. Three equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.45.

About Vital Energy

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.