nVerses Capital LLC Has $94,000 Stake in Vital Energy, Inc. (NYSE:VTLE)

nVerses Capital LLC increased its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 94.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,500 shares of the company’s stock after acquiring an additional 1,700 shares during the period. nVerses Capital LLC’s holdings in Vital Energy were worth $94,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC raised its holdings 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 acquiring an additional 465 shares during the period. GAMMA Investing LLC raised its holdings 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 acquiring an additional 297 shares during the period. Innealta Capital LLC acquired a new stake in shares of Vital Energy during the second quarter worth $147,000. Range Financial Group LLC acquired a new stake in shares of Vital Energy during the first quarter worth $206,000. Finally, Mutual of America Capital Management LLC acquired a new stake in Vital Energy in the 1st quarter valued at $225,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VTLE has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. BMO Capital Markets lowered their price target on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Wolfe Research initiated coverage on shares of Vital Energy in a research note on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a research note on Thursday, September 12th. Finally, Truist Financial lowered their price target on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vital Energy presently has a consensus rating of “Hold” and an average target price of $47.83.

Insider Buying and Selling at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the company’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 completion of the sale, the chief financial officer now owns 77,516 shares of the company’s stock, valued at approximately $2,212,306.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Mark David Denny sold 5,145 shares of the company’s stock in a transaction that occurred 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 directly owns 26,358 shares in the company, valued at $796,538.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total transaction of $285,400.00. Following the transaction, the chief financial officer now owns 77,516 shares of the company’s stock, valued at approximately $2,212,306.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,168 shares of company stock valued at $502,017 in the last quarter. Company insiders own 1.20% of the company’s stock.

Vital Energy Stock Performance

Shares of VTLE stock opened at $27.41 on Monday. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 1.14 and a beta of 3.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.51. The company has a 50-day simple moving average of $31.17 and a 200 day simple moving average of $41.71. Vital Energy, Inc. has a 52 week low of $25.94 and a 52 week high of $58.30.

Vital Energy (NYSE:VTLE) last announced its earnings results 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 for the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $4.35 EPS. On average, sell-side analysts predict that Vital Energy, Inc. will post 6.58 earnings per share for the current year.

About Vital Energy

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.