Vital Energy, Inc. (NYSE:VTLE) Position Increased by US Bancorp DE

US Bancorp DE increased its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 9.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,971 shares of the company’s stock after buying an additional 581 shares during the quarter. US Bancorp DE’s holdings in Vital Energy were worth $216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Vital Energy by 0.9% in the third quarter. Principal Financial Group Inc. now owns 127,271 shares of the company’s stock worth $3,424,000 after purchasing an additional 1,089 shares during the period. Versor Investments LP increased its stake in shares of Vital Energy by 2.8% in the third quarter. Versor Investments LP now owns 14,900 shares of the company’s stock worth $401,000 after purchasing an additional 400 shares during the period. Entropy Technologies LP increased its stake in shares of Vital Energy by 34.7% in the third quarter. Entropy Technologies LP now owns 22,518 shares of the company’s stock worth $606,000 after purchasing an additional 5,801 shares during the period. GSA Capital Partners LLP increased its stake in shares of Vital Energy by 153.9% in the third quarter. GSA Capital Partners LLP now owns 43,037 shares of the company’s stock worth $1,158,000 after purchasing an additional 26,089 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Vital Energy by 6.5% in the third quarter. Victory Capital Management Inc. now owns 576,470 shares of the company’s stock worth $15,507,000 after purchasing an additional 35,133 shares during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Stock Up 6.1 %

NYSE VTLE opened at $21.19 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average is $30.70 and its two-hundred day moving average is $30.16. The company has a market capitalization of $807.59 million, a price-to-earnings ratio of -4.46 and a beta of 3.07. Vital Energy, Inc. has a 1-year low of $19.85 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Equities analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Insider Transactions at Vital Energy

In related news, EVP Mark David Denny sold 5,974 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $123,841.02. Following the completion of the transaction, the executive vice president now owns 42,494 shares in the company, valued at $880,900.62. The trade was a 12.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the transaction, the chief financial officer now owns 97,556 shares of the company’s stock, valued at $2,022,335.88. This trade represents a 9.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,647 shares of company stock valued at $448,742 in the last three months. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on VTLE. Piper Sandler dropped their price objective on Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Siebert Williams Shank lowered Vital Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $62.00 to $27.00 in a research note on Wednesday, March 5th. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Raymond James decreased their target price on Vital Energy from $44.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, March 10th. Finally, Mizuho lifted their target price on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.46.

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.