PNC Financial Services Group Inc. Buys 3,115 Shares of Vital Energy, Inc. (NYSE:VTLE)

PNC Financial Services Group Inc. raised its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 81.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,956 shares of the company’s stock after acquiring an additional 3,115 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vital Energy were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Vital Energy during the fourth quarter valued at approximately $788,000. Geode Capital Management LLC raised its holdings in Vital Energy by 2.9% in the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after purchasing an additional 17,782 shares in the last quarter. Jennison Associates LLC purchased a new position in Vital Energy during the fourth quarter valued at $750,000. Wolverine Asset Management LLC bought a new stake in shares of Vital Energy during the 4th quarter valued at $1,292,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Vital Energy by 25.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company’s stock worth $15,611,000 after buying an additional 103,583 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Insider Buying and Selling

In other Vital Energy news, EVP Mark David Denny sold 5,974 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $123,841.02. Following the transaction, the executive vice president now owns 42,494 shares of the company’s stock, valued at approximately $880,900.62. This represents a 12.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kathryn Anne Hill sold 5,673 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the transaction, the chief operating officer now directly owns 46,413 shares in the company, valued at $962,141.49. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,647 shares of company stock worth $448,742. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

VTLE has been the subject of a number of recent research reports. Williams Trading set a $27.00 price target on shares of Vital Energy in a research report on Wednesday, March 5th. Siebert Williams Shank lowered shares of Vital Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Wells Fargo & Company upped their price target on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. reduced their price objective on Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Finally, Truist Financial dropped their target price on Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.46.

Vital Energy Trading Down 2.7 %

Vital Energy stock opened at $22.15 on Monday. Vital Energy, Inc. has a one year low of $19.85 and a one year high of $58.30. The business’s fifty day moving average is $29.48 and its 200 day moving average is $29.63. The stock has a market capitalization of $844.19 million, a PE ratio of -4.66 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) 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 firm had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. On average, sell-side analysts predict that Vital Energy, Inc. will post 8.49 EPS 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.