Brevan Howard Capital Management LP Sells 19,692 Shares of Vital Energy, Inc. (NYSE:VTLE)

Brevan Howard Capital Management LP decreased its position in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 67.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,550 shares of the company's stock after selling 19,692 shares during the period. Brevan Howard Capital Management LP's holdings in Vital Energy were worth $295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTLE. Sterling Capital Management LLC grew its holdings 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 acquiring an additional 814 shares in the last quarter. R Squared Ltd purchased a new position in shares of Vital Energy during the 4th quarter valued at $34,000. Nisa Investment Advisors LLC grew its holdings in shares of Vital Energy by 276.9% during the 4th 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 in the last quarter. Quarry LP purchased a new position in shares of Vital Energy during the 4th quarter valued at $37,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Vital Energy by 247.4% in 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. Institutional investors own 86.54% of the company's stock.

Vital Energy Stock Down 0.4%

Vital Energy stock traded down $0.07 during mid-day trading on Wednesday, reaching $18.17. The company's stock had a trading volume of 1,881,687 shares, compared to its average volume of 1,078,108. 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 12 month low of $12.30 and a 12 month high of $51.71. The business's 50 day simple moving average is $17.40 and its 200 day simple moving average is $26.34. The company has a market capitalization of $703.22 million, a price-to-earnings ratio of -3.83 and a beta of 1.53.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.26. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The company had revenue of $512.18 million during the quarter, compared to the consensus estimate of $528.76 million. During the same period in the prior year, the business posted $1.84 EPS. The company's quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Williams Trading set a $27.00 price objective on shares of Vital Energy in a report on Wednesday, March 5th. Mizuho decreased their price target on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday. Siebert Williams Shank cut shares of Vital Energy from a "buy" rating to a "hold" rating and decreased their price target for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Finally, Bank of America cut their price objective on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Vital Energy presently has an average rating of "Hold" and an average price target of $30.36.

Insider Activity

In other Vital Energy news, major shareholder Richard D. Campbell acquired 5,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average price of $17.75 per share, with a total value of $88,750.00. Following the acquisition, the insider now directly owns 43,072 shares of the company's stock, valued at approximately $764,528. This trade represents a 13.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the sale, the chief financial officer now directly owns 97,556 shares of the company's stock, valued at $2,022,335.88. This represents a 9.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,647 shares of company stock valued at $448,742 in the last quarter. Company insiders own 1.50% of the company's stock.

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.