Scientech Research LLC Purchases Shares of 5,334 Vital Energy, Inc. (NYSE:VTLE)

Scientech Research LLC acquired a new position in Vital Energy, Inc. (NYSE:VTLE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,334 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. UBS Group AG boosted its holdings in Vital Energy by 2.6% during the fourth quarter. UBS Group AG now owns 150,903 shares of the company’s stock worth $6,865,000 after buying an additional 3,821 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of Vital Energy by 52.8% during the fourth quarter. Rafferty Asset Management LLC now owns 113,351 shares of the company’s stock worth $5,156,000 after purchasing an additional 39,147 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Vital Energy during the fourth quarter valued at $429,000. CastleKnight Management LP lifted its holdings in shares of Vital Energy by 8.6% during the fourth quarter. CastleKnight Management LP now owns 59,500 shares of the company’s stock valued at $2,707,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Pinnacle Holdings LLC acquired a new position in shares of Vital Energy in the 4th quarter valued at $826,000. 86.54% of the stock is currently owned by institutional investors.

Insider Activity

In other Vital Energy news, CEO M. Jason Pigott acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the acquisition, the chief executive officer now owns 169,389 shares of the company’s stock, valued at approximately $6,411,373.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. KeyCorp downgraded Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Piper Sandler reduced 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. Mizuho lowered their price objective on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Truist Financial reduced their target price on Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a report on Monday. Finally, Wells Fargo & Company lowered 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. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.82.

Vital Energy Stock Performance

Shares of NYSE VTLE opened at $26.93 on Tuesday. Vital Energy, Inc. has a one year low of $25.94 and a one year high of $58.30. The business’s 50-day moving average price is $34.55 and its two-hundred day moving average price is $43.96. 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 company has a market capitalization of $987.25 million, a P/E ratio of 1.12 and a beta of 3.17.

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 11.58% and a net margin of 13.97%. The company’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.35 EPS. Analysts anticipate that Vital Energy, Inc. will post 6.61 earnings per share for the current fiscal year.

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.