Texas Permanent School Fund Corp Makes New Investment in Vital Energy, Inc. (NYSE:VTLE)

Texas Permanent School Fund Corp bought a new position in Vital Energy, Inc. (NYSE:VTLE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,111 shares of the company’s stock, valued at approximately $818,000.

A number of other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in Vital Energy in the second quarter valued at approximately $8,107,000. Hussman Strategic Advisors Inc. acquired a new position in Vital Energy in the second quarter valued at approximately $3,454,000. EA Series Trust acquired a new position in Vital Energy in the second quarter valued at approximately $1,995,000. Shell Asset Management Co. acquired a new position in Vital Energy in the second quarter valued at approximately $1,823,000. Finally, Virtu Financial LLC acquired a new position in Vital Energy in the second quarter valued at approximately $993,000. 86.59% of the stock is owned by institutional investors.

Vital Energy Stock Up 0.2 %

Shares of VTLE stock opened at $46.67 on Tuesday. The firm has a fifty day moving average of $51.56 and a 200-day moving average of $49.89. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.09. Vital Energy, Inc. has a 12-month low of $39.74 and a 12-month high of $65.08. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 1.53 and a beta of 3.27.

Insider Transactions at Vital Energy

In other news, SVP Mark David Denny sold 5,496 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $54.75, for a total transaction of $300,906.00. Following the completion of the sale, the senior vice president now owns 18,494 shares of the company’s stock, valued at $1,012,546.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on VTLE. Piper Sandler cut their price objective on shares of Vital Energy from $64.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. Citigroup began coverage on shares of Vital Energy in a research note on Monday. They issued a “buy” rating and a $60.00 target price for the company. Mizuho upped their target price on shares of Vital Energy from $54.00 to $63.00 and gave the company an “underperform” rating in a research note on Wednesday, August 16th. Raymond James upped their target price on shares of Vital Energy from $54.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, September 19th. Finally, Wells Fargo & Company began coverage on shares of Vital Energy in a research note on Wednesday, November 15th. They issued an “equal weight” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vital Energy presently has an average rating of “Hold” and an average price target of $69.50.

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.