Vital Energy, Inc. (NYSE:VTLE) Shares Sold by X Square Capital LLC

X Square Capital LLC cut its holdings in Vital Energy, Inc. (NYSE:VTLE) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,455 shares of the company’s stock after selling 2,200 shares during the period. X Square Capital LLC’s holdings in Vital Energy were worth $1,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in shares of 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 acquiring an additional 803 shares during the last quarter. R Squared Ltd acquired a new stake in Vital Energy in the 4th quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB lifted its stake in Vital Energy by 247.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock worth $48,000 after purchasing an additional 1,106 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Vital Energy during the fourth quarter worth $96,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Vital Energy in the 4th quarter valued at $124,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VTLE shares. Siebert Williams Shank cut Vital Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company reduced their target price on shares of Vital Energy from $36.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Truist Financial reduced their price objective on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Vital Energy has a consensus rating of “Hold” and a consensus price target of $39.54.

Insiders Place Their Bets

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $207,300.00. Following the completion of the transaction, the chief financial officer now directly owns 97,556 shares of the company’s stock, valued at approximately $2,022,335.88. This trade represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kathryn Anne Hill sold 5,673 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $117,601.29. Following the sale, the chief operating officer now directly owns 46,413 shares in the company, valued at $962,141.49. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,647 shares of company stock worth $448,742. Company insiders own 1.20% of the company’s stock.

Vital Energy Price Performance

Shares of NYSE:VTLE opened at $22.11 on Friday. Vital Energy, Inc. has a one year low of $19.85 and a one year high of $58.30. The stock has a market capitalization of $842.70 million, a price-to-earnings ratio of -4.65 and a beta of 3.07. The company has a 50-day simple moving average of $28.41 and a 200-day simple moving average of $29.43. 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 (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share (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 for the quarter, compared to analysts’ expectations of $550.90 million. On average, analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current 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.