Empowered Funds LLC Raises Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Empowered Funds LLC boosted its holdings in Vital Energy, Inc. (NYSE:VTLE) by 83.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,047 shares of the company’s stock after buying an additional 64,434 shares during the quarter. Empowered Funds LLC owned 0.39% of Vital Energy worth $7,463,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ORG Partners LLC increased its position in shares of Vital Energy by 100.0% during the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the last quarter. GAMMA Investing LLC bought a new stake in Vital Energy during the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC raised its stake in Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after acquiring an additional 277 shares during the period. Range Financial Group LLC bought a new stake in Vital Energy during the 1st quarter worth approximately $206,000. Finally, International Assets Investment Management LLC raised its stake in Vital Energy by 4,448.6% during the 4th quarter. International Assets Investment Management LLC now owns 4,776 shares of the company’s stock worth $217,000 after acquiring an additional 4,671 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. KeyCorp raised their target price on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. increased their price objective on shares of Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. Stifel Nicolaus increased their price objective on shares of Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Mizuho increased their price objective on shares of Vital Energy from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Truist Financial cut their price objective on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.30.

Vital Energy Trading Down 0.5 %

NYSE VTLE traded down $0.24 on Friday, hitting $44.64. 526,901 shares of the stock were exchanged, compared to its average volume of 923,748. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average price of $46.29 and a two-hundred day moving average price of $47.79. The firm has a market capitalization of $1.64 billion, a P/E ratio of 1.85 and a beta of 3.22. Vital Energy, Inc. has a 52-week low of $40.00 and a 52-week high of $62.87.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.78 by $0.13. The company had revenue of $482.34 million during the quarter, compared to analyst estimates of $454.97 million. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. Research analysts forecast that Vital Energy, Inc. will post 7.82 EPS for the current fiscal year.

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.