Vital Energy, Inc. (NYSE:VTLE) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 192.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 61,863 shares of the company’s stock after buying an additional 40,681 shares during the period. Thrivent Financial for Lutherans’ holdings in Vital Energy were worth $1,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VTLE. Nisa Investment Advisors LLC grew its stake in shares of Vital Energy by 276.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after purchasing an additional 803 shares during the last quarter. R Squared Ltd acquired a new position in Vital Energy in the fourth quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Vital Energy by 247.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock valued at $48,000 after buying an additional 1,106 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Vital Energy during the 4th quarter valued at $96,000. Finally, Signaturefd LLC boosted its stake in shares of Vital Energy by 121.5% during the 4th quarter. Signaturefd LLC now owns 5,151 shares of the company’s stock worth $159,000 after acquiring an additional 2,825 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

Vital Energy Stock Down 2.5 %

VTLE opened at $21.57 on Friday. The company has a market capitalization of $822.35 million, a PE ratio of -4.54 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. Vital Energy, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $58.30. The business has a 50-day moving average of $28.13 and a 200-day moving average of $29.41.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Truist Financial reduced their target price on Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. reduced their price objective on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Piper Sandler decreased their target price on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Wells Fargo & Company lowered their price objective on shares of Vital Energy from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Finally, Raymond James reduced their target price on Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.54.

Insider Activity at Vital Energy

In other news, COO Kathryn Anne Hill sold 5,673 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the sale, the chief operating officer now directly owns 46,413 shares in the company, valued at approximately $962,141.49. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 97,556 shares of the company’s stock, valued at approximately $2,022,335.88. This represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,647 shares of company stock valued at $448,742. Insiders own 1.20% of the company’s stock.

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.