UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 16,454 Shares of Vital Energy, Inc. (NYSE:VTLE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Vital Energy, Inc. (NYSE:VTLE) by 39.7% during the third quarter, Holdings Channel.com reports. The fund owned 24,984 shares of the company’s stock after selling 16,454 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vital Energy were worth $672,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VTLE. Westwood Holdings Group Inc. bought a new position in Vital Energy in the 2nd quarter worth $64,690,000. Victory Capital Management Inc. increased its position in shares of Vital Energy by 800.9% during the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after buying an additional 481,248 shares during the period. Tributary Capital Management LLC bought a new position in Vital Energy in the third quarter worth about $7,945,000. Dimensional Fund Advisors LP lifted its holdings in Vital Energy by 19.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after buying an additional 282,574 shares during the period. Finally, Thomist Capital Management LP bought a new stake in Vital Energy during the 2nd quarter valued at approximately $10,443,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Up 1.8 %

Shares of Vital Energy stock opened at $28.39 on Friday. The company has a 50-day simple moving average of $29.73 and a two-hundred day simple moving average of $34.95. The stock has a market capitalization of $1.08 billion, a PE ratio of 1.99 and a beta of 3.19. Vital Energy, Inc. has a 52-week low of $25.85 and a 52-week high of $58.30. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to the consensus estimate of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.16 EPS. On average, analysts anticipate that Vital Energy, Inc. will post 6.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Bryan Lemmerman sold 10,000 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the sale, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. This represents a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Kathryn Anne Hill sold 2,023 shares of Vital Energy stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now owns 29,091 shares in the company, valued at $879,130.02. This trade represents a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,168 shares of company stock valued at $502,017. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VTLE shares. JPMorgan Chase & Co. increased their target price on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company lowered their price objective on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday. Piper Sandler dropped their target price on shares of Vital Energy from $35.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday. BMO Capital Markets decreased their price target on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Finally, Truist Financial dropped their price objective on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.00.

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.