Fox Run Management L.L.C. Cuts Holdings in Vital Energy, Inc. $VTLE

Fox Run Management L.L.C. reduced its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 73.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,704 shares of the company’s stock after selling 40,866 shares during the quarter. Fox Run Management L.L.C.’s holdings in Vital Energy were worth $237,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in Vital Energy by 58.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $32,000 after purchasing an additional 740 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Vital Energy in the second quarter valued at approximately $58,000. Signaturefd LLC increased its position in shares of Vital Energy by 146.8% in the second quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock valued at $75,000 after buying an additional 2,787 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Vital Energy by 249.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,044 shares of the company’s stock worth $81,000 after buying an additional 3,600 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Vital Energy by 12,277.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,446 shares of the company’s stock valued at $88,000 after buying an additional 5,402 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on VTLE shares. Wells Fargo & Company dropped their price target on shares of Vital Energy from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Wall Street Zen downgraded shares of Vital Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Mizuho boosted their target price on shares of Vital Energy from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Research downgraded shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vital Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Vital Energy currently has a consensus rating of “Reduce” and a consensus price target of $27.56.

Vital Energy Trading Up 0.6%

Shares of VTLE opened at $17.21 on Friday. Vital Energy, Inc. has a 52-week low of $12.30 and a 52-week high of $36.72. The stock has a market cap of $665.66 million, a PE ratio of -0.87 and a beta of 1.39. The firm’s fifty day moving average is $16.33 and its two-hundred day moving average is $16.72. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.10.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.07). The business had revenue of $420.83 million during the quarter, compared to analysts’ expectations of $458.87 million. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. Research analysts forecast that Vital Energy, Inc. will post 8.49 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.