Arizona State Retirement System Acquires 342 Shares of Vital Energy, Inc. (NYSE:VTLE)

Arizona State Retirement System increased its holdings in Vital Energy, Inc. (NYSE:VTLE) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,670 shares of the company’s stock after purchasing an additional 342 shares during the period. Arizona State Retirement System’s holdings in Vital Energy were worth $299,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew its position in shares of Vital Energy by 400.9% in the second 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. Quadrant Capital Group LLC grew its position in shares of Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after purchasing an additional 277 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Vital Energy by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares during the last quarter. nVerses Capital LLC grew its position in shares of Vital Energy by 100.0% in the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Vital Energy in the second quarter valued at about $147,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VTLE. Truist Financial reduced their target price on shares of Vital Energy from $69.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company reduced their target price on shares of Vital Energy from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Piper Sandler reduced their target price on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Bank of America reiterated an “underperform” rating and issued a $46.00 target price on shares of Vital Energy in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $52.45.

Insider Activity at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott purchased 2,500 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $37.85 per share, with a total value of $94,625.00. Following the transaction, the chief executive officer now directly owns 169,389 shares of the company’s stock, valued at approximately $6,411,373.65. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

Vital Energy Price Performance

Shares of VTLE stock opened at $29.42 on Wednesday. Vital Energy, Inc. has a 12-month low of $26.02 and a 12-month high of $58.30. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 1.22 and a beta of 3.17. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average of $37.57 and a 200-day moving average of $45.31.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.42). The company had revenue of $476.37 million during the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The company’s revenue was up 42.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.35 earnings per share. On average, equities research analysts forecast that Vital Energy, Inc. will post 6.27 earnings per share for the current year.

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.