Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,491 shares of the company’s stock after selling 704 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Vital Energy were worth $255,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CWM LLC raised its stake in shares of Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 465 shares during the period. nVerses Capital LLC raised its stake in shares of Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after buying an additional 900 shares during the period. Innealta Capital LLC acquired a new position in shares of Vital Energy during the 2nd quarter worth approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Vital Energy by 14.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,610 shares of the company’s stock worth $207,000 after buying an additional 574 shares during the period. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Vital Energy during the 1st quarter worth approximately $225,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total transaction of $285,400.00. Following the completion of the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at approximately $2,212,306.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark David Denny sold 5,145 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the transaction, the executive vice president now directly owns 26,358 shares in the company, valued at $796,538.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the transaction, the chief financial officer now owns 77,516 shares of the company’s stock, valued at $2,212,306.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,168 shares of company stock worth $502,017. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

VTLE has been the subject of several research analyst reports. KeyCorp downgraded Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. reduced their price objective on Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Wolfe Research began coverage on Vital Energy in a research note on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price objective for the company. Truist Financial reduced their price objective on Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, Piper Sandler reduced their price objective on Vital Energy from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Vital Energy has an average rating of “Hold” and an average target price of $47.83.

Vital Energy Stock Down 4.5 %

Shares of NYSE:VTLE opened at $26.03 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $29.32 and a two-hundred day moving average of $39.79. The stock has a market cap of $993.75 million, a P/E ratio of 2.95 and a beta of 3.16. Vital Energy, Inc. has a 52-week low of $25.85 and a 52-week high of $58.30.

Vital Energy (NYSE:VTLE) last issued its 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). The company had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The firm’s quarterly revenue was up 42.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.35 earnings per share. On average, research analysts expect that Vital Energy, Inc. will post 6.91 earnings per share for the current year.

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.