Bank of New York Mellon Corp Sells 51,155 Shares of Vital Energy, Inc. (NYSE:VTLE)

Bank of New York Mellon Corp cut its holdings in Vital Energy, Inc. (NYSE:VTLE) by 22.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,975 shares of the company’s stock after selling 51,155 shares during the period. Bank of New York Mellon Corp owned about 0.47% of Vital Energy worth $5,565,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Vital Energy by 3.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock worth $390,000 after buying an additional 503 shares during the last quarter. ClearAlpha Technologies LP boosted its position in Vital Energy by 5.1% in the 3rd quarter. ClearAlpha Technologies LP now owns 13,250 shares of the company’s stock valued at $356,000 after buying an additional 644 shares during the period. Franklin Resources Inc. boosted its position in Vital Energy by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,662 shares of the company’s stock valued at $363,000 after buying an additional 758 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Vital Energy by 276.9% in 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. Finally, SkyView Investment Advisors LLC lifted its position in shares of Vital Energy by 4.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 21,641 shares of the company’s stock worth $582,000 after purchasing an additional 951 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Vital Energy Price Performance

Shares of NYSE VTLE opened at $21.19 on Monday. Vital Energy, Inc. has a 52 week low of $19.85 and a 52 week high of $58.30. The stock has a market capitalization of $807.59 million, a price-to-earnings ratio of -4.46 and a beta of 3.07. The firm has a 50-day simple moving average of $30.70 and a 200-day simple moving average of $30.08. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The business had revenue of $534.37 million during the quarter, compared to analysts’ expectations of $550.90 million. On average, equities analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $207,300.00. Following the completion of the transaction, the chief financial officer now owns 97,556 shares of the company’s stock, valued at approximately $2,022,335.88. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark David Denny sold 5,974 shares of Vital Energy stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $123,841.02. Following the completion of the transaction, the executive vice president now owns 42,494 shares of the company’s stock, valued at $880,900.62. This represents a 12.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,647 shares of company stock worth $448,742 over the last three months. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday. Truist Financial cut their price target on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Siebert Williams Shank downgraded shares of Vital Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, Williams Trading set a $27.00 price target on shares of Vital Energy in a report on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.46.

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.