Vital Energy, Inc. (NYSE:VTLE) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,288 shares of the company’s stock after purchasing an additional 527 shares during the quarter. Cetera Investment Advisers owned about 0.09% of Vital Energy worth $1,447,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VTLE. CWM LLC lifted its position in shares of Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Vital Energy by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares in the last quarter. nVerses Capital LLC lifted its position in shares of Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Vital Energy during the second quarter worth about $147,000. Finally, Range Financial Group LLC acquired a new stake in Vital Energy in the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insider Transactions at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction of $285,400.00. Following the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at approximately $2,212,306.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark David Denny sold 5,145 shares of Vital Energy stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the transaction, the executive vice president now owns 26,358 shares in the company, valued at approximately $796,538.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,168 shares of company stock worth $502,017. Insiders own 1.20% of the company’s stock.

Vital Energy Stock Down 8.1 %

VTLE stock opened at $26.34 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. Vital Energy, Inc. has a twelve month low of $25.94 and a twelve month high of $58.30. The company’s 50 day moving average is $31.79 and its two-hundred day moving average is $42.26. The stock has a market cap of $965.62 million, a P/E ratio of 1.09 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). The business had revenue of $476.37 million for the quarter, compared to analysts’ expectations of $468.76 million. Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The business’s revenue was up 42.2% on a year-over-year basis. During the same quarter last year, the business posted $4.35 earnings per share. Research analysts expect that Vital Energy, Inc. will post 6.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. BMO Capital Markets reduced their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Piper Sandler reduced their target price on shares of Vital Energy from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. Finally, Wolfe Research assumed coverage on shares of Vital Energy in a report on Thursday, July 18th. They issued an “underperform” rating and a $50.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $47.83.

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.