Bryan Lemmerman Sells 10,000 Shares of Vital Energy, Inc. (NYSE:VTLE) Stock

Vital Energy, Inc. (NYSE:VTLE) CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction of $285,400.00. Following the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at approximately $2,212,306.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Vital Energy Stock Down 0.0 %

Shares of VTLE opened at $29.66 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.09 billion, a P/E ratio of 1.23 and a beta of 3.16. The company’s 50-day moving average price is $32.17 and its 200 day moving average price is $42.72. Vital Energy, Inc. has a 12-month low of $25.94 and a 12-month high of $58.30.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (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 analysts’ expectations of $468.76 million. Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same quarter last year, the company earned $4.35 earnings per share. On average, sell-side analysts forecast that Vital Energy, Inc. will post 6.58 earnings per share for the current year.

Institutional Trading of Vital Energy

A number of institutional investors and hedge funds have recently bought and sold shares of VTLE. CWM LLC increased its stake in Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares during the period. GAMMA Investing LLC increased its stake in Vital Energy by 39.2% during the first 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 increased its stake in Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares during the period. Innealta Capital LLC purchased a new stake in Vital Energy during the second quarter worth about $147,000. Finally, Range Financial Group LLC purchased a new stake in Vital Energy during the first quarter worth about $206,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VTLE has been the topic of several recent research reports. Piper Sandler lowered 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. Wells Fargo & Company lowered their price target on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Bank of America reissued an “underperform” rating and set a $46.00 price target on shares of Vital Energy in a research report on Friday, June 14th. BMO Capital Markets lowered their price target on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Finally, Wolfe Research assumed coverage on shares of Vital Energy in a report on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Energy has a consensus rating of “Hold” and an average price target of $47.92.

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.