Fmr LLC Has $430,000 Holdings in Vital Energy, Inc. (NYSE:VTLE)

Fmr LLC grew its stake in Vital Energy, Inc. (NYSE:VTLE) by 831.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,992 shares of the company’s stock after purchasing an additional 14,275 shares during the period. Fmr LLC’s holdings in Vital Energy were worth $430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Edgestream Partners L.P. acquired a new stake in Vital Energy during the second quarter worth about $4,250,000. Raymond James & Associates grew its holdings in shares of Vital Energy by 96.8% during the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock worth $3,905,000 after purchasing an additional 71,385 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vital Energy by 19.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after purchasing an additional 282,574 shares during the period. Sei Investments Co. increased its position in shares of Vital Energy by 52.3% during the second quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock valued at $2,964,000 after purchasing an additional 22,711 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Vital Energy by 800.9% in the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock worth $24,263,000 after purchasing an additional 481,248 shares during the period. Institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

VTLE has been the topic of several analyst reports. Truist Financial lowered their price target on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Mizuho dropped their price target on shares of Vital Energy from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company cut their price target on shares of Vital Energy from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets cut their target price on 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. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Vital Energy Trading Down 0.5 %

VTLE stock opened at $27.89 on Friday. The business has a fifty day moving average price of $29.76 and a 200 day moving average price of $35.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. Vital Energy, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 1.95 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million during the quarter, compared to analysts’ expectations of $461.58 million. During the same period in the previous year, the business posted $5.16 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts expect that Vital Energy, Inc. will post 6.93 EPS for the current fiscal year.

Insider Buying and Selling at Vital Energy

In other news, COO Kathryn Anne Hill sold 2,023 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $61,135.06. Following the transaction, the chief operating officer now owns 29,091 shares of the company’s stock, valued at $879,130.02. This represents a 6.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,168 shares of company stock worth $502,017. 1.20% of the stock is currently owned by corporate insiders.

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.