Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its position in Vital Energy, Inc. (NYSE:VTLE) by 15.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,826 shares of the company’s stock after selling 22,778 shares during the quarter. Squarepoint Ops LLC’s holdings in Vital Energy were worth $5,505,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its stake in Vital Energy by 10.7% in the second quarter. Public Sector Pension Investment Board now owns 56,945 shares of the company’s stock worth $2,552,000 after acquiring an additional 5,520 shares during the last quarter. DRW Securities LLC purchased a new position in Vital Energy in the second quarter worth approximately $309,000. Westwood Holdings Group Inc. purchased a new position in Vital Energy in the second quarter worth approximately $64,690,000. Sei Investments Co. lifted its stake in Vital Energy by 52.3% in the second quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock worth $2,964,000 after acquiring an additional 22,711 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its stake in Vital Energy by 11.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 54,443 shares of the company’s stock worth $2,440,000 after acquiring an additional 5,600 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Up 3.4 %

VTLE stock opened at $27.00 on Monday. The company has a fifty day moving average price of $34.91 and a 200 day moving average price of $44.13. Vital Energy, Inc. has a 12 month low of $25.94 and a 12 month high of $58.30. The company has a market cap of $989.82 million, a price-to-earnings ratio of 1.12 and a beta of 3.17. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data 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). The firm had revenue of $476.37 million during the quarter, compared to analyst estimates of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The business’s quarterly revenue was up 42.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.35 earnings per share. Sell-side analysts expect that Vital Energy, Inc. will post 6.61 earnings per share for the current year.

Insider Buying and Selling at Vital Energy

In related news, CEO M. Jason Pigott purchased 2,500 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired 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 directly owns 169,389 shares in the company, valued at approximately $6,411,373.65. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Bank of America restated an “underperform” rating and set a $46.00 price objective on shares of Vital Energy in a research report on Friday, June 14th. Mizuho reduced their price objective on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Piper Sandler reduced their price objective on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Finally, Truist Financial reduced 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. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Vital Energy has an average rating of “Hold” and an average target price of $52.45.

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.