Geode Capital Management LLC Raises Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Geode Capital Management LLC lifted its position in Vital Energy, Inc. (NYSE:VTLE) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 633,017 shares of the company’s stock after purchasing an additional 17,782 shares during the quarter. Geode Capital Management LLC owned about 1.66% of Vital Energy worth $17,031,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Edgestream Partners L.P. acquired a new position in shares of Vital Energy in the second quarter worth about $4,250,000. Raymond James & Associates raised its holdings in Vital Energy by 96.8% in the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock worth $3,905,000 after purchasing an additional 71,385 shares during the period. Dimensional Fund Advisors LP boosted 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 purchasing an additional 282,574 shares in the last quarter. Sei Investments Co. grew its holdings in Vital Energy by 52.3% in the second quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock valued at $2,964,000 after purchasing an additional 22,711 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Vital Energy by 800.9% in the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after buying an additional 481,248 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Vital Energy Trading Down 0.1 %

Shares of Vital Energy stock opened at $29.39 on Monday. The company has a fifty day simple moving average of $29.92 and a 200-day simple moving average of $34.33. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy, Inc. has a 12-month low of $25.85 and a 12-month high of $58.30. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 2.06 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The company had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. During the same period in the previous year, the company posted $5.16 EPS. Vital Energy’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Vital Energy, Inc. will post 6.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VTLE shares. BMO Capital Markets decreased their target price on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Mizuho lowered their price objective on Vital Energy from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Piper Sandler lowered their price target on Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Finally, Wells Fargo & Company lowered their target price on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.00.

Insider Activity

In other Vital Energy news, EVP Mark David Denny sold 5,145 shares of Vital Energy stock in a transaction dated 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. The trade was a 16.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kathryn Anne Hill sold 2,023 shares of the 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 $61,135.06. Following the completion of the sale, the chief operating officer now owns 29,091 shares in the company, valued at $879,130.02. This represents a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,168 shares of company stock worth $502,017 in the last 90 days. 1.20% of the stock is currently owned by corporate 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.