Dana Investment Advisors Inc. Decreases Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Dana Investment Advisors Inc. lowered its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 1.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 162,640 shares of the company’s stock after selling 2,174 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Vital Energy were worth $7,290,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 465 shares during the last quarter. GAMMA Investing LLC grew its position in Vital Energy by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares during the period. nVerses Capital LLC raised its stake in Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after buying an additional 900 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Vital Energy during the 2nd quarter valued at $147,000. Finally, Range Financial Group LLC purchased a new position in shares of Vital Energy in the 1st quarter worth $206,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

VTLE has been the subject of a number of research reports. Wolfe Research began coverage on Vital Energy in a research report on Thursday, July 18th. They set an “underperform” rating and a $50.00 price objective for the company. JPMorgan Chase & Co. reduced 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 report on Thursday, September 12th. Bank of America reissued an “underperform” rating and issued a $46.00 price objective on shares of Vital Energy in a report on Friday, June 14th. Mizuho cut their target price 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. Finally, Piper Sandler decreased their price target on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.91.

Insider Activity at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott purchased 2,500 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the purchase, the chief executive officer now directly owns 169,389 shares of the company’s stock, valued at approximately $6,411,373.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Vital Energy Stock Performance

Shares of NYSE VTLE opened at $27.36 on Wednesday. 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, Inc. has a 1 year low of $25.94 and a 1 year high of $58.30. The firm has a fifty day moving average price of $34.22 and a 200-day moving average price of $43.79. The stock has a market cap of $1.00 billion, a PE ratio of 1.13 and a beta of 3.17.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). The business had revenue of $476.37 million for the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. Vital Energy’s revenue was up 42.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.35 earnings per share. Equities analysts anticipate that Vital Energy, Inc. will post 6.61 earnings per share for the current fiscal year.

Vital Energy 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.