First Eagle Investment Management LLC Acquires 9,200 Shares of Vital Energy, Inc. (NYSE:VTLE)

First Eagle Investment Management LLC raised its holdings in Vital Energy, Inc. (NYSE:VTLE) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,905 shares of the company’s stock after acquiring an additional 9,200 shares during the period. First Eagle Investment Management LLC’s holdings in Vital Energy were worth $9,722,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings 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 worth $24,263,000 after buying an additional 481,248 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Vital Energy by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after acquiring an additional 282,574 shares during the last quarter. Webs Creek Capital Management LP acquired a new position in Vital Energy in the 1st quarter worth about $7,619,000. Peregrine Capital Management LLC bought a new position in Vital Energy in the first quarter valued at about $5,666,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Vital Energy during the second quarter valued at about $4,250,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insider Transactions at Vital Energy

In related news, CEO M. Jason Pigott bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the transaction, the chief executive officer now directly owns 169,389 shares of the company’s stock, valued at $6,411,373.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho lowered their price objective on Vital Energy from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday. Piper Sandler decreased their price target on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. dropped their price target on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Bank of America reissued an “underperform” rating and issued a $46.00 price objective on shares of Vital Energy in a research note on Friday, June 14th. Finally, Truist Financial decreased their price objective on Vital Energy from $69.00 to $66.00 and set a “buy” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.45.

Vital Energy Stock Performance

Shares of VTLE opened at $30.38 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $37.30 and its two-hundred day simple moving average is $45.21. Vital Energy, Inc. has a 12 month low of $26.02 and a 12 month high of $58.30. The stock has a market capitalization of $1.11 billion, a P/E ratio of 1.26 and a beta of 3.17.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.42). The business had revenue of $476.37 million for the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.35 EPS. As a group, analysts predict 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.