International Assets Investment Management LLC Grows Position in Vital Energy, Inc. (NYSE:VTLE)

International Assets Investment Management LLC raised its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 2,590.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,018 shares of the company’s stock after purchasing an additional 1,943 shares during the period. International Assets Investment Management LLC’s holdings in Vital Energy were worth $54,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CWM LLC grew its stake in Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 465 shares during the last quarter. Signaturefd LLC raised its stake in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after acquiring an additional 1,630 shares in the last quarter. nVerses Capital LLC lifted its position in Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after acquiring an additional 900 shares during the last quarter. Innealta Capital LLC purchased a new stake in Vital Energy during the second quarter valued at approximately $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Vital Energy by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,610 shares of the company’s stock valued at $207,000 after acquiring an additional 574 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VTLE. BMO Capital Markets reduced their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company decreased their price target on Vital Energy from $41.00 to $29.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 1st. Truist Financial dropped their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Mizuho cut their price target on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Finally, Wolfe Research assumed coverage on shares of Vital Energy in a research note on Thursday, July 18th. They set an “underperform” rating and a $50.00 price objective for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $47.83.

Vital Energy Trading Up 5.0 %

NYSE VTLE opened at $30.54 on Friday. Vital Energy, Inc. has a 1 year low of $25.85 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. The company has a market capitalization of $1.17 billion, a PE ratio of 2.14 and a beta of 3.16. The company has a fifty day moving average of $28.65 and a 200 day moving average of $39.18.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. The business had revenue of $459.23 million during the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.16 EPS. Research analysts forecast that Vital Energy, Inc. will post 6.91 earnings per share for the current year.

Insider Buying and Selling at Vital Energy

In other news, CEO M. Jason Pigott purchased 2,500 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $37.85 per share, with a total value 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. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the sale, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO M. Jason Pigott bought 2,500 shares of Vital Energy stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of $37.85 per share, with a total value of $94,625.00. Following the completion of the purchase, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 17,168 shares of company stock valued at $502,017. 1.20% of the stock is owned by company insiders.

About Vital Energy

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.