Vital Energy, Inc. (NYSE:VTLE) Stake Reduced by Riverstone Holdings LLC

Riverstone Holdings LLC cut its stake in Vital Energy, Inc. (NYSE:VTLE) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 496,452 shares of the company’s stock after selling 3,832 shares during the quarter. Vital Energy comprises about 2.4% of Riverstone Holdings LLC’s portfolio, making the stock its 3rd biggest position. Riverstone Holdings LLC owned approximately 1.30% of Vital Energy worth $15,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VTLE. First Horizon Advisors Inc. purchased a new position in Vital Energy during the 3rd quarter worth $26,000. Nisa Investment Advisors LLC lifted its holdings in shares of Vital Energy by 276.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after buying an additional 803 shares during the period. R Squared Ltd purchased a new position in shares of Vital Energy in the 4th quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Vital Energy by 247.4% in the 4th 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 in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Vital Energy in the 4th quarter valued at about $96,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Trading Up 2.4 %

Shares of VTLE opened at $20.88 on Wednesday. The stock has a market cap of $795.97 million, a price-to-earnings ratio of -4.40 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. Vital Energy, Inc. has a 1-year low of $20.00 and a 1-year high of $58.30. The firm has a 50 day simple moving average of $31.36 and a 200-day simple moving average of $30.41.

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 during the quarter, compared to analysts’ expectations of $550.90 million. Equities analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Analysts Set New Price Targets

VTLE has been the subject of several research reports. Williams Trading set a $27.00 price objective on Vital Energy in a research note on Wednesday, March 5th. Siebert Williams Shank cut Vital Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $62.00 to $27.00 in a research note on Wednesday, March 5th. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. raised their price objective on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Truist Financial decreased their target price on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

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.