Vital Energy, Inc. (NYSE:VTLE) Shares Purchased by US Bancorp DE

US Bancorp DE raised its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,971 shares of the company’s stock after buying an additional 581 shares during the quarter. US Bancorp DE’s holdings in Vital Energy were worth $216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in Vital Energy during the third quarter valued at approximately $26,000. R Squared Ltd acquired a new stake in Vital Energy during the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its position in shares of Vital Energy by 276.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after purchasing an additional 803 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Vital Energy by 247.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock worth $48,000 after purchasing an additional 1,106 shares during the period. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Vital Energy during the 4th quarter worth approximately $214,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup cut Vital Energy to a “reduce” rating in a research report on Wednesday, March 5th. Piper Sandler dropped their price target on Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on Vital Energy from $34.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday. Mizuho increased their price target on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Williams Trading set a $27.00 price target on Vital Energy in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Vital Energy has an average rating of “Hold” and an average target price of $40.46.

Vital Energy Stock Performance

Shares of VTLE opened at $21.19 on Friday. Vital Energy, Inc. has a 12-month low of $19.85 and a 12-month high of $58.30. The stock has a market capitalization of $807.59 million, a P/E ratio of -4.46 and a beta of 3.07. The firm’s 50 day moving average is $30.70 and its 200-day moving average is $30.16. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million during the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Equities research analysts anticipate that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Insider Transactions at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $207,300.00. Following the completion of the sale, the chief financial officer now owns 97,556 shares of the company’s stock, valued at $2,022,335.88. This trade represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Kathryn Anne Hill sold 5,673 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the sale, the chief operating officer now directly owns 46,413 shares of the company’s stock, valued at approximately $962,141.49. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,647 shares of company stock valued at $448,742 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Vital Energy Company 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.