Cetera Investment Advisers purchased a new position in shares of Vital Energy, Inc. (NYSE:VTLE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,761 shares of the company’s stock, valued at approximately $1,669,000. Cetera Investment Advisers owned 0.09% of Vital Energy as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. ORG Partners LLC increased its stake in Vital Energy by 100.0% in the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Vital Energy during the 4th quarter valued at about $33,000. Quadrant Capital Group LLC increased its stake in shares of Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares during the last quarter. Range Financial Group LLC purchased a new position in shares of Vital Energy during the 1st quarter worth about $206,000. Finally, International Assets Investment Management LLC boosted its position in shares of Vital Energy by 4,448.6% in the fourth quarter. International Assets Investment Management LLC now owns 4,776 shares of the company’s stock worth $217,000 after acquiring an additional 4,671 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.
Insider Activity
In other news, CEO M. Jason Pigott acquired 2,500 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased 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 directly owns 169,389 shares of the company’s stock, valued at approximately $6,411,373.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently commented on VTLE shares. Wolfe Research assumed coverage on shares of Vital Energy in a research report on Thursday, July 18th. They set an “underperform” rating and a $50.00 price target for the company. Wells Fargo & Company dropped their price objective on Vital Energy from $54.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, July 22nd. Bank of America reaffirmed an “underperform” rating and issued a $46.00 target price on shares of Vital Energy in a research report on Friday, June 14th. Stifel Nicolaus boosted their price target on Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Mizuho upped their price target on Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $57.09.
Get Our Latest Research Report on VTLE
Vital Energy Trading Down 1.0 %
Shares of VTLE opened at $37.29 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.22 and a quick ratio of 1.22. Vital Energy, Inc. has a 12 month low of $36.53 and a 12 month high of $62.87. The stock has a market cap of $1.37 billion, a PE ratio of 1.55 and a beta of 3.22. The stock’s 50-day moving average is $43.09 and its two-hundred day moving average is $47.53.
Vital Energy (NYSE:VTLE – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). The company had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. The firm’s revenue was up 42.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.35 EPS. Equities analysts forecast that Vital Energy, Inc. will post 8.7 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.
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