25,478 Shares in Vital Energy, Inc. (NYSE:VTLE) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Vital Energy, Inc. (NYSE:VTLE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,478 shares of the company’s stock, valued at approximately $788,000. Proficio Capital Partners LLC owned about 0.07% of Vital Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Vital Energy by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock valued at $17,031,000 after acquiring an additional 17,782 shares during the period. Jennison Associates LLC acquired a new position in shares of Vital Energy during the 4th quarter worth approximately $750,000. Wolverine Asset Management LLC acquired a new position in shares of Vital Energy during the 4th quarter worth approximately $1,292,000. SG Americas Securities LLC acquired a new position in shares of Vital Energy during the 4th quarter worth approximately $701,000. Finally, Empowered Funds LLC raised its position in shares of Vital Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 192,921 shares of the company’s stock worth $5,965,000 after purchasing an additional 9,320 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Performance

Shares of Vital Energy stock opened at $20.96 on Friday. The firm has a market cap of $799.05 million, a PE ratio of -4.41 and a beta of 3.07. The firm’s 50-day simple moving average is $31.74 and its 200-day simple moving average is $30.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. Vital Energy, Inc. has a 1 year low of $20.61 and a 1 year high of $58.30.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The business had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. Equities analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler cut their price objective on Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday. Truist Financial lowered their target price on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company lifted their target price on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and an average price target of $43.27.

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.