Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,465 shares of the company’s stock after selling 13,158 shares during the period. Stifel Financial Corp owned approximately 0.18% of Vital Energy worth $1,842,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VTLE. Edgestream Partners L.P. acquired a new stake in Vital Energy in the 2nd quarter valued at about $4,250,000. Raymond James & Associates lifted 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 acquiring an additional 71,385 shares during the period. Dimensional Fund Advisors LP raised its stake in Vital Energy by 19.6% during 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. Sei Investments Co. raised its position in shares of Vital Energy by 52.3% in the 2nd quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock worth $2,964,000 after buying an additional 22,711 shares during the period. Finally, 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 valued at $24,263,000 after purchasing an additional 481,248 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction 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 owns 77,516 shares in the company, valued at $2,212,306.64. This trade represents a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the chief operating officer now directly owns 29,091 shares in the company, valued at $879,130.02. This trade represents a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,168 shares of company stock valued at $502,017 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

Vital Energy Price Performance

Shares of NYSE:VTLE opened at $28.39 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $29.73 and its two-hundred day moving average is $34.95. The firm has a market capitalization of $1.08 billion, a P/E ratio of 1.99 and a beta of 3.19. Vital Energy, Inc. has a 52 week low of $25.85 and a 52 week high of $58.30.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on VTLE shares. Piper Sandler lowered their price target on Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho lowered their price objective 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, December 16th. Wells Fargo & Company decreased 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 report on Tuesday. Truist Financial dropped their target price 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

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.