Goehring & Rozencwajg Associates LLC Buys 5,600 Shares of Vital Energy, Inc. (NYSE:VTLE)

Goehring & Rozencwajg Associates LLC increased its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,443 shares of the company’s stock after purchasing an additional 5,600 shares during the quarter. Goehring & Rozencwajg Associates LLC owned approximately 0.15% of Vital Energy worth $2,440,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Vital Energy by 48.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 198,772 shares of the company’s stock valued at $9,042,000 after purchasing an additional 64,881 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vital Energy by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 801,129 shares of the company’s stock valued at $36,445,000 after buying an additional 71,166 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Vital Energy by 42.8% in the 4th quarter. Principal Financial Group Inc. now owns 128,966 shares of the company’s stock valued at $5,867,000 after purchasing an additional 38,669 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Vital Energy by 42.0% in the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after purchasing an additional 277 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Vital Energy in the 4th quarter valued at $309,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on VTLE shares. JPMorgan Chase & Co. reduced their price target on Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. Bank of America reiterated an “underperform” rating and set a $46.00 price target on shares of Vital Energy in a report on Friday, June 14th. Wells Fargo & Company reduced their price target on Vital Energy from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Finally, Piper Sandler cut their price objective on Vital Energy from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $52.45.

Insider Transactions at Vital Energy

In related news, CEO M. Jason Pigott acquired 2,500 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $37.85 per share, with a total value of $94,625.00. Following the completion of the transaction, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Vital Energy Stock Performance

NYSE VTLE opened at $29.62 on Thursday. The company has a market cap of $1.09 billion, a P/E ratio of 1.23 and a beta of 3.17. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a 50-day moving average of $37.57 and a two-hundred day moving average of $45.31. Vital Energy, Inc. has a 1-year low of $26.02 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.42). The firm had revenue of $476.37 million during the quarter, compared to analyst estimates of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The business’s revenue was up 42.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.35 earnings per share. As a group, analysts anticipate that Vital Energy, Inc. will post 6.27 EPS for the current year.

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.