Discovery Capital Management LLC CT Sells 20,000 Shares of Vital Energy, Inc. (NYSE:VTLE)

Discovery Capital Management LLC CT cut its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 291,267 shares of the company’s stock after selling 20,000 shares during the quarter. Vital Energy comprises approximately 1.7% of Discovery Capital Management LLC CT’s portfolio, making the stock its 19th biggest position. Discovery Capital Management LLC CT owned approximately 0.79% of Vital Energy worth $13,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Quadrant Capital Group LLC increased its stake in Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after purchasing an additional 277 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Vital Energy by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after acquiring an additional 297 shares in the last quarter. ProShare Advisors LLC raised its holdings in Vital Energy by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock worth $249,000 after acquiring an additional 324 shares during the last quarter. Arizona State Retirement System raised its holdings in Vital Energy by 5.4% in the 2nd quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock worth $299,000 after acquiring an additional 342 shares during the last quarter. Finally, CWM LLC lifted its position in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on VTLE shares. KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Truist Financial decreased their target price on Vital Energy from $69.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Piper Sandler dropped their price target on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Wolfe Research assumed coverage on shares of Vital Energy in a research note on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.45.

Insider Buying and Selling at Vital Energy

In related news, CEO M. Jason Pigott acquired 2,500 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $37.85 per share, with a total value of $94,625.00. Following the completion of the purchase, the chief executive officer now directly owns 169,389 shares of the company’s stock, valued at $6,411,373.65. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Vital Energy Stock Performance

Shares of NYSE VTLE opened at $29.74 on Monday. Vital Energy, Inc. has a 12-month low of $26.02 and a 12-month 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 firm has a 50 day moving average of $36.71 and a 200 day moving average of $44.91.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data 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 net margin of 13.97% and a return on equity of 11.58%. The business had revenue of $476.37 million for the quarter, compared to the consensus estimate of $468.76 million. During the same period in the previous year, the firm earned $4.35 EPS. The company’s revenue was up 42.2% on a year-over-year basis. On average, research analysts anticipate that Vital Energy, Inc. will post 6.27 earnings per share for the current year.

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.