Condire Management LP Buys New Position in Vital Energy, Inc. (NYSE:VTLE)

Condire Management LP purchased a new position in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 616,621 shares of the company's stock, valued at approximately $19,066,000. Vital Energy makes up 2.8% of Condire Management LP's portfolio, making the stock its 11th biggest holding. Condire Management LP owned about 1.62% of Vital Energy as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Vital Energy during the fourth quarter valued at approximately $788,000. Jennison Associates LLC acquired a new position in shares of Vital Energy in the 4th quarter worth $750,000. Wolverine Asset Management LLC acquired a new stake in shares of Vital Energy during the fourth quarter worth $1,292,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vital Energy by 25.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock valued at $15,611,000 after purchasing an additional 103,583 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Vital Energy by 16.4% in the 4th quarter. First Eagle Investment Management LLC now owns 239,101 shares of the company's stock valued at $7,393,000 after purchasing an additional 33,700 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Trading Up 3.3 %

Vital Energy stock opened at $13.90 on Wednesday. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $54.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The firm has a market capitalization of $537.96 million, a PE ratio of -2.93 and a beta of 1.53. The business's 50-day simple moving average is $18.12 and its 200-day simple moving average is $26.75.

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

Insider Transactions at Vital Energy

In related news, COO Kathryn Anne Hill sold 5,673 shares of the firm'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 transaction of $117,601.29. Following the completion of the transaction, the chief operating officer now owns 46,413 shares in the company, valued at $962,141.49. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Richard D. Campbell purchased 5,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 21,647 shares of company stock valued at $448,742. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on VTLE shares. Piper Sandler reduced their price objective on shares of Vital Energy from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on Vital Energy from $36.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Truist Financial decreased their target price on Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Siebert Williams Shank lowered Vital Energy from a "buy" rating to a "hold" rating and dropped their price target for the company from $62.00 to $27.00 in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.36.

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.

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