Allspring Global Investments Holdings LLC Raises Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Allspring Global Investments Holdings LLC increased its position in Vital Energy, Inc. (NYSE:VTLE) by 101.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,431 shares of the company’s stock after acquiring an additional 4,739 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vital Energy were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BluePath Capital Management LLC purchased a new position in Vital Energy in the 3rd quarter worth $31,000. PNC Financial Services Group Inc. raised its stake in Vital Energy by 18.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock worth $97,000 after acquiring an additional 274 shares during the last quarter. Centerpoint Advisors LLC raised its stake in Vital Energy by 31.7% in the 3rd quarter. Centerpoint Advisors LLC now owns 2,075 shares of the company’s stock worth $115,000 after acquiring an additional 500 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Vital Energy in the 3rd quarter worth $136,000. Finally, International Assets Investment Management LLC grew its position in Vital Energy by 4,448.6% during the 4th quarter. International Assets Investment Management LLC now owns 4,776 shares of the company’s stock worth $217,000 after purchasing an additional 4,671 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on VTLE. Raymond James increased their price target on Vital Energy from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Piper Sandler cut their price target on Vital Energy from $54.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. KeyCorp increased their price target on Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Finally, Stifel Nicolaus increased their price target on Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vital Energy presently has a consensus rating of “Hold” and an average target price of $59.40.

Vital Energy Price Performance

NYSE:VTLE opened at $54.64 on Friday. Vital Energy, Inc. has a 52 week low of $40.00 and a 52 week high of $62.87. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.00 billion, a PE ratio of 1.66 and a beta of 3.24. The stock’s 50-day moving average price is $51.69 and its 200-day moving average price is $48.13.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.11. The firm had revenue of $444.52 million for the quarter, compared to analysts’ expectations of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $3.49 EPS. As a group, equities analysts expect that Vital Energy, Inc. will post 9.13 EPS for the current fiscal year.

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.