Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its stake in Vital Energy, Inc. (NYSE:VTLE) by 14.1% during the second quarter, Holdings Channel.com reports. The fund owned 18,560 shares of the company’s stock after selling 3,057 shares during the period. Texas Permanent School Fund Corp’s holdings in Vital Energy were worth $832,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VTLE. Charles Schwab Investment Management Inc. raised its position in Vital Energy by 48.5% in the fourth 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 during the period. Dimensional Fund Advisors LP grew its stake in shares of Vital Energy by 9.7% in the fourth 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. raised its holdings in shares of 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 buying an additional 38,669 shares during the period. Quadrant Capital Group LLC lifted its stake in Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after acquiring an additional 277 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Vital Energy during the 4th quarter valued at about $309,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vital Energy

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

Vital Energy Stock Down 2.1 %

Shares of NYSE VTLE opened at $29.75 on Friday. The business has a 50-day moving average of $37.01 and a two-hundred day moving average of $45.10. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 1.23 and a beta of 3.17. Vital Energy, Inc. has a 1 year low of $26.02 and a 1 year high of $58.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51.

Vital Energy (NYSE:VTLE) last posted 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 business had revenue of $476.37 million for the quarter, compared to analysts’ expectations of $468.76 million. Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. Vital Energy’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.35 EPS. On average, analysts forecast that Vital Energy, Inc. will post 6.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

VTLE has been the topic of several research reports. Piper Sandler reduced their price target on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. KeyCorp lowered shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Mizuho dropped their price target on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Truist Financial cut their price objective on Vital Energy from $69.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Wolfe Research initiated coverage on Vital Energy in a report on Thursday, July 18th. They issued an “underperform” rating and a $50.00 target price for the company. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $52.45.

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.