Victory Capital Management Inc. Buys 35,133 Shares of Vital Energy, Inc. (NYSE:VTLE)

Victory Capital Management Inc. raised its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 576,470 shares of the company’s stock after purchasing an additional 35,133 shares during the period. Victory Capital Management Inc.’s holdings in Vital Energy were worth $15,507,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VTLE. Swiss National Bank raised its position in shares of Vital Energy by 13.5% in the 1st quarter. Swiss National Bank now owns 45,400 shares of the company’s stock worth $2,385,000 after acquiring an additional 5,400 shares in the last quarter. Sei Investments Co. raised its position in shares of Vital Energy by 331.5% in the 1st quarter. Sei Investments Co. now owns 43,415 shares of the company’s stock worth $2,281,000 after acquiring an additional 33,354 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Vital Energy by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock worth $249,000 after acquiring an additional 324 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Vital Energy by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,833,797 shares of the company’s stock worth $96,348,000 after acquiring an additional 17,054 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Vital Energy by 7.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,928 shares of the company’s stock worth $1,099,000 after acquiring an additional 1,473 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Vital Energy

In other news, EVP Mark David Denny sold 5,145 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the sale, the executive vice president now directly owns 26,358 shares in the company, valued at approximately $796,538.76. This represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Kathryn Anne Hill sold 2,023 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $61,135.06. Following the sale, the chief operating officer now owns 29,091 shares of the company’s stock, valued at approximately $879,130.02. This represents a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,168 shares of company stock worth $502,017 over the last three months. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company boosted their target price on Vital Energy from $29.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday. Mizuho decreased their target price on Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Piper Sandler cut their price target on Vital Energy from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday. KeyCorp downgraded Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. Finally, Truist Financial cut their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.17.

Vital Energy Stock Down 1.9 %

Shares of NYSE:VTLE opened at $31.22 on Wednesday. Vital Energy, Inc. has a 52-week low of $25.85 and a 52-week high of $58.30. The firm has a fifty day moving average of $28.60 and a 200 day moving average of $37.70. The firm has a market capitalization of $1.19 billion, a PE ratio of 2.19 and a beta of 3.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The company had revenue of $459.23 million during the quarter, compared to analyst estimates of $461.58 million. During the same period in the previous year, the business earned $5.16 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that Vital Energy, Inc. will post 6.87 EPS 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.