Intech Investment Management LLC Buys New Shares in Vital Energy, Inc. (NYSE:VTLE)

Intech Investment Management LLC purchased a new position in shares of Vital Energy, Inc. (NYSE:VTLE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,468 shares of the company’s stock, valued at approximately $228,000.

Other large investors also recently modified their holdings of the company. CWM LLC lifted its stake 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 purchasing an additional 465 shares during the last quarter. First Horizon Advisors Inc. bought a new stake in Vital Energy in the third quarter valued at approximately $26,000. International Assets Investment Management LLC lifted its position in shares of Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after buying an additional 1,943 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after acquiring an additional 1,630 shares during the period. Finally, nVerses Capital LLC increased its holdings in shares of Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after acquiring an additional 900 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VTLE. BMO Capital Markets reduced their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Truist Financial decreased their target price on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Mizuho dropped their price target on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Piper Sandler reduced their price target on Vital Energy from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Finally, KeyCorp cut Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.00.

Vital Energy Stock Performance

Shares of Vital Energy stock opened at $30.41 on Friday. The business has a fifty day simple moving average of $29.45 and a two-hundred day simple moving average of $36.40. The firm has a market capitalization of $1.16 billion, a P/E ratio of 2.14 and a beta of 3.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy, Inc. has a 12 month low of $25.85 and a 12 month high of $58.30.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The company had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. During the same quarter in the previous year, the business posted $5.16 EPS. Vital Energy’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Vital Energy, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity at Vital Energy

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

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.