First Horizon Advisors Inc. Invests $26,000 in Vital Energy, Inc. (NYSE:VTLE)

First Horizon Advisors Inc. acquired a new position in Vital Energy, Inc. (NYSE:VTLE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 971 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors also recently bought and sold shares of the company. CWM LLC increased its position in Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 465 shares in the last quarter. nVerses Capital LLC increased its holdings in Vital Energy by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after acquiring an additional 900 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Vital Energy by 2,590.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after acquiring an additional 1,943 shares in the last quarter. Signaturefd LLC raised its stake in 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 during the period. Finally, Innealta Capital LLC purchased a new position in Vital Energy during the second quarter valued at approximately $147,000. 86.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VTLE. Truist Financial decreased their price objective on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. BMO Capital Markets decreased their target price on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Mizuho dropped their price target on Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler reduced their price objective on shares of Vital Energy from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vital Energy has an average rating of “Hold” and a consensus price target of $47.09.

Insider Activity

In other Vital Energy news, COO Kathryn Anne Hill sold 2,023 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $61,135.06. Following the transaction, the chief operating officer now owns 29,091 shares in the company, valued at $879,130.02. The trade was a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction 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 approximately $2,212,306.64. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,168 shares of company stock valued at $502,017 in the last ninety days. Insiders own 1.20% of the company’s stock.

Vital Energy Price Performance

Vital Energy stock opened at $32.38 on Tuesday. Vital Energy, Inc. has a 52-week low of $25.85 and a 52-week high of $58.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average is $29.06 and its 200 day moving average is $37.13. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 2.27 and a beta of 3.16.

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, beating the consensus estimate of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $5.16 EPS. Sell-side analysts forecast that Vital Energy, Inc. will post 6.9 EPS for the current fiscal year.

Vital Energy 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.