Texas Permanent School Fund Corp Lowers Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Texas Permanent School Fund Corp lessened its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 14.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,560 shares of the company’s stock after selling 3,057 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.05% of Vital Energy worth $832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Vital Energy by 800.9% during the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after acquiring an additional 481,248 shares during the period. Webs Creek Capital Management LP purchased a new position in Vital Energy during the first quarter worth approximately $7,619,000. Peregrine Capital Management LLC acquired a new stake in Vital Energy in the first quarter valued at approximately $5,666,000. Dimensional Fund Advisors LP increased its position in shares of Vital Energy by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 801,129 shares of the company’s stock valued at $36,445,000 after buying an additional 71,166 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Vital Energy by 48.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 198,772 shares of the company’s stock worth $9,042,000 after buying an additional 64,881 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VTLE shares. Bank of America reissued an “underperform” rating and issued a $46.00 price target on shares of Vital Energy in a research note on Friday, June 14th. Truist Financial dropped their target price on shares of Vital Energy from $69.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Wolfe Research initiated coverage on shares of Vital Energy in a research report on Thursday, July 18th. They set an “underperform” rating and a $50.00 price target for the company. Piper Sandler decreased their price target on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, Mizuho cut their price objective on Vital Energy from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.45.

Vital Energy Stock Down 2.1 %

VTLE stock opened at $29.75 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $37.01 and a two-hundred day moving average of $45.10. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 1.23 and a beta of 3.17. Vital Energy, Inc. has a 12 month low of $26.02 and a 12 month high of $58.30.

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

Insider Buying and Selling

In other news, CEO M. Jason Pigott purchased 2,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the acquisition, the chief executive officer now directly owns 169,389 shares of the company’s stock, valued at $6,411,373.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company 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.