Innealta Capital LLC Invests $147,000 in Vital Energy, Inc. (NYSE:VTLE)

Innealta Capital LLC bought a new position in shares of Vital Energy, Inc. (NYSE:VTLE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,275 shares of the company’s stock, valued at approximately $147,000.

Other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC acquired a new position in Vital Energy in the fourth quarter valued at approximately $7,306,000. Webs Creek Capital Management LP acquired a new position in Vital Energy in the first quarter valued at approximately $7,619,000. Peregrine Capital Management LLC acquired a new position in Vital Energy in the first quarter valued at approximately $5,666,000. Dimensional Fund Advisors LP raised its holdings in Vital Energy by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 801,129 shares of the company’s stock worth $36,445,000 after purchasing an additional 71,166 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vital Energy by 48.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 198,772 shares of the company’s stock worth $9,042,000 after purchasing an additional 64,881 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of Vital Energy in a research report on Thursday, July 18th. They set an “underperform” rating and a $50.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Vital Energy from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. Truist Financial decreased their price objective on shares of Vital Energy from $69.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, August 9th. KeyCorp cut shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. Finally, Bank of America restated an “underperform” rating and set a $46.00 target price on shares of Vital Energy in a research note on Friday, June 14th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.82.

Insider Activity

In other news, CEO M. Jason Pigott acquired 2,500 shares of Vital Energy stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $37.85 per share, with a total value of $94,625.00. Following the purchase, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Vital Energy Trading Down 3.1 %

NYSE VTLE traded down $1.14 on Friday, hitting $35.89. The company’s stock had a trading volume of 927,287 shares, compared to its average volume of 846,189. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75. Vital Energy, Inc. has a 1-year low of $35.13 and a 1-year high of $62.87. The company’s 50-day moving average is $41.36 and its 200 day moving average is $46.90. The firm has a market cap of $1.32 billion, a PE ratio of 1.53 and a beta of 3.22.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.42). Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The business had revenue of $476.37 million during the quarter, compared to analyst estimates of $468.76 million. During the same quarter last year, the company posted $4.35 earnings per share. The company’s revenue was up 42.2% compared to the same quarter last year. As a group, analysts predict that Vital Energy, Inc. will post 8.7 earnings per share for the current fiscal 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.