Vital Energy, Inc. (NYSE:VTLE) Major Shareholder Purchases $88,750.00 in Stock

Vital Energy, Inc. (NYSE:VTLE) major shareholder Richard D. Campbell purchased 5,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the acquisition, the insider now owns 43,072 shares in the company, valued at $764,528. The trade was a 13.13 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Vital Energy Stock Up 1.4 %

Shares of VTLE stock traded up $0.20 during trading hours on Monday, hitting $14.15. 2,815,715 shares of the company were exchanged, compared to its average volume of 1,138,306. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The stock has a market capitalization of $539.26 million, a price-to-earnings ratio of -2.98 and a beta of 2.82. Vital Energy, Inc. has a one year low of $12.64 and a one year high of $58.30. The business’s 50-day simple moving average is $26.51 and its two-hundred day simple moving average is $29.10.

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

Institutional Trading of Vital Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Westwood Holdings Group Inc. increased its position in Vital Energy by 5.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock worth $68,466,000 after buying an additional 118,367 shares during the period. Vanguard Group Inc. grew its position in shares of Vital Energy by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company’s stock worth $65,442,000 after acquiring an additional 62,771 shares during the last quarter. State Street Corp lifted its position in Vital Energy by 14.4% in the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after purchasing an additional 220,871 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Vital Energy by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company’s stock valued at $43,157,000 after purchasing an additional 9,676 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in Vital Energy during the 4th quarter valued at about $39,392,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VTLE has been the topic of a number of research reports. Williams Trading set a $27.00 price objective on Vital Energy in a report on Wednesday, March 5th. Raymond James dropped their price objective on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Piper Sandler decreased their price target on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Truist Financial reduced their price objective on Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Siebert Williams Shank downgraded Vital Energy from a “buy” rating to a “hold” rating and dropped their target price for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.08.

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.