Vital Energy, Inc. $VTLE Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its stake in Vital Energy, Inc. (NYSE:VTLE) by 47.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,723,206 shares of the company’s stock after selling 1,561,378 shares during the quarter. Westwood Holdings Group Inc. owned approximately 4.45% of Vital Energy worth $27,726,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Vital Energy by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company’s stock worth $45,895,000 after acquiring an additional 46,300 shares during the period. American Century Companies Inc. grew its position in Vital Energy by 23.3% in the 2nd quarter. American Century Companies Inc. now owns 832,618 shares of the company’s stock worth $13,397,000 after purchasing an additional 157,325 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Vital Energy by 2.8% in the second quarter. Geode Capital Management LLC now owns 673,154 shares of the company’s stock valued at $10,833,000 after purchasing an additional 18,602 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Vital Energy by 16.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company’s stock valued at $12,492,000 after purchasing an additional 83,788 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Vital Energy by 4.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 502,740 shares of the company’s stock valued at $10,668,000 after buying an additional 19,480 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Down 1.2%

Shares of VTLE stock opened at $17.89 on Monday. Vital Energy, Inc. has a 1 year low of $12.30 and a 1 year high of $36.72. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.78 and a current ratio of 0.78. The business’s fifty day moving average is $16.79 and its 200-day moving average is $17.08. The stock has a market cap of $692.20 million, a PE ratio of -0.51 and a beta of 1.12.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.07). Vital Energy had a negative net margin of 69.28% and a positive return on equity of 13.40%. The firm had revenue of $420.83 million during the quarter, compared to analyst estimates of $458.87 million. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 EPS. Equities analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VTLE shares. Mizuho set a $23.00 price objective on Vital Energy in a report on Friday. Citigroup reiterated a “neutral” rating on shares of Vital Energy in a research report on Monday, November 17th. Piper Sandler lowered their price target on Vital Energy from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Weiss Ratings restated a “sell (d)” rating on shares of Vital Energy in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on shares of Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Vital Energy presently has an average rating of “Reduce” and an average target price of $27.22.

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.