Vital Energy, Inc. (NYSE:VTLE) Shares Acquired by Global Endowment Management LP

Global Endowment Management LP lifted its position in Vital Energy, Inc. (NYSE:VTLE) by 22.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,007 shares of the company’s stock after acquiring an additional 3,632 shares during the quarter. Global Endowment Management LP’s holdings in Vital Energy were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its position in shares of Vital Energy by 805.9% during the 4th quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock valued at $28,000 after buying an additional 814 shares in the last quarter. R Squared Ltd purchased a new position in Vital Energy during the fourth quarter valued at $34,000. Nisa Investment Advisors LLC lifted its holdings in Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after purchasing an additional 803 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Vital Energy by 247.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock valued at $48,000 after purchasing an additional 1,106 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Vital Energy during the fourth quarter worth about $96,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on VTLE. Truist Financial decreased their target price on Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Mizuho raised their target price on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Bank of America lowered their target price on Vital Energy from $33.00 to $27.00 and set an “underperform” rating on the stock in a report on Tuesday, April 1st. Citigroup cut Vital Energy to a “reduce” rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company lowered their price objective on Vital Energy from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.08.

Vital Energy Stock Up 5.6 %

Shares of VTLE opened at $14.25 on Thursday. The company’s 50-day simple moving average is $22.80 and its 200-day simple moving average is $28.07. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. Vital Energy, Inc. has a 1 year low of $12.30 and a 1 year high of $55.87. The stock has a market capitalization of $543.22 million, a PE ratio of -3.00 and a beta of 2.82.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The company had revenue of $534.37 million during the quarter, compared to analysts’ expectations of $550.90 million. Analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Richard D. Campbell acquired 5,000 shares of Vital Energy stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the acquisition, the insider now owns 43,072 shares of the company’s stock, valued at $764,528. This trade represents a 13.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the transaction, the chief financial officer now owns 97,556 shares of the company’s stock, valued at approximately $2,022,335.88. The trade was a 9.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,647 shares of company stock valued at $448,742 in the last three months. 1.20% of the stock is owned by corporate insiders.

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.