US Bancorp DE Has $172,000 Stake in Vital Energy, Inc. (NYSE:VTLE)

US Bancorp DE increased its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 1,878.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,390 shares of the company’s stock after purchasing an additional 6,067 shares during the quarter. US Bancorp DE’s holdings in Vital Energy were worth $172,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC increased its position in Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 465 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Vital Energy by 2,590.7% during the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after purchasing an additional 1,943 shares during the last quarter. Signaturefd LLC raised its position in shares of Vital Energy by 234.2% in the third quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after purchasing an additional 1,630 shares during the period. nVerses Capital LLC raised its position in shares of Vital Energy by 100.0% in the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Vital Energy in the second quarter worth $147,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vital Energy

In other news, EVP Mark David Denny sold 5,145 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the sale, the executive vice president now owns 26,358 shares of the company’s stock, valued at approximately $796,538.76. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,168 shares of company stock valued at $502,017. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on VTLE shares. Piper Sandler lowered their target price on shares of Vital Energy from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Wolfe Research assumed coverage on Vital Energy in a research note on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price objective on the stock. BMO Capital Markets decreased their target price on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Mizuho lowered their target price on Vital Energy from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Finally, KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Vital Energy presently has an average rating of “Hold” and a consensus target price of $47.83.

Vital Energy Trading Up 2.5 %

Shares of VTLE stock opened at $31.16 on Friday. The firm has a fifty day moving average of $28.38 and a 200-day moving average of $38.34. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 2.18 and a beta of 3.16. Vital Energy, Inc. has a 52-week low of $25.85 and a 52-week high of $58.30. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The business had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.16 earnings per share. On average, equities research analysts forecast that Vital Energy, Inc. will post 6.91 earnings per share for the current fiscal year.

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.