Vital Energy, Inc. (NYSE:VTLE) EVP Mark David Denny Sells 5,974 Shares of Stock

Vital Energy, Inc. (NYSE:VTLE) EVP Mark David Denny sold 5,974 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $123,841.02. Following the completion of the sale, the executive vice president now owns 42,494 shares in the company, valued at $880,900.62. The trade was a 12.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vital Energy Price Performance

VTLE stock opened at $19.98 on Friday. 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, Inc. has a 1 year low of $19.97 and a 1 year high of $58.30. The company has a market cap of $761.58 million, a P/E ratio of -4.21 and a beta of 3.07. The firm has a 50-day moving average of $30.93 and a 200 day moving average of $30.27.

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, beating analysts’ consensus estimates 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 business had revenue of $534.37 million during the quarter, compared to analysts’ expectations of $550.90 million. On average, sell-side analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current year.

Analysts Set New Price Targets

VTLE has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday. Siebert Williams Shank lowered Vital Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Citigroup cut shares of Vital Energy to a “reduce” rating in a research report on Wednesday, March 5th. Finally, Truist Financial decreased their price objective 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 analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.46.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VTLE. Woodline Partners LP purchased a new position in Vital Energy during the 4th quarter valued at approximately $39,392,000. Condire Management LP bought a new stake in shares of Vital Energy in the fourth quarter valued at about $19,066,000. Freestone Grove Partners LP bought a new stake in Vital Energy during the 4th quarter valued at $15,995,000. State Street Corp raised its stake in shares of Vital Energy by 14.4% during the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after acquiring an additional 220,871 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Vital Energy by 124.0% in the third quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after acquiring an additional 187,503 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

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.