Vital Energy, Inc. (NYSE:VTLE) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,392 shares of the company’s stock after acquiring an additional 409 shares during the quarter. State of Alaska Department of Revenue’s holdings in Vital Energy were worth $414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. purchased a new position in shares of Vital Energy during the second quarter worth about $64,690,000. Victory Capital Management Inc. grew its stake in Vital Energy by 800.9% during the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock worth $24,263,000 after buying an additional 481,248 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Vital Energy by 19.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after buying an additional 282,574 shares during the period. Thomist Capital Management LP acquired a new position in Vital Energy during the second quarter worth approximately $10,443,000. Finally, Webs Creek Capital Management LP purchased a new stake in Vital Energy in the first quarter valued at approximately $7,619,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VTLE. Wolfe Research started 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. Truist Financial dropped their price objective 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. BMO Capital Markets decreased their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Piper Sandler dropped their price target on Vital Energy from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Finally, Mizuho decreased their price objective on Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Three equities research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.83.

Insider Activity at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the purchase, the chief executive officer now owns 169,389 shares of the company’s stock, valued at $6,411,373.65. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO M. Jason Pigott purchased 2,500 shares of Vital Energy stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the transaction, the chief executive officer now owns 169,389 shares of the company’s stock, valued at $6,411,373.65. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 17,168 shares of company stock valued at $502,017. Company insiders own 1.20% of the company’s stock.

Vital Energy Stock Performance

Shares of VTLE opened at $31.17 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.59. Vital Energy, Inc. has a 52-week low of $25.85 and a 52-week high of $58.30. The company has a 50-day simple moving average of $28.55 and a 200-day simple moving average of $39.02. The company has a market capitalization of $1.19 billion, a PE ratio of 2.18 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.25%. The business had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same period in the previous year, the firm earned $5.16 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts predict that Vital Energy, Inc. will post 6.91 earnings per share for the current fiscal 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.