Condire Management LP Makes New $19.07 Million Investment in Vital Energy, Inc. (NYSE:VTLE)

Condire Management LP acquired a new stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 holdings, making the stock its 11th biggest position. Condire Management LP owned approximately 1.62% of Vital Energy as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bridgeway Capital Management LLC raised its holdings in Vital Energy by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 488,321 shares of the company's stock worth $15,099,000 after purchasing an additional 9,320 shares during the period. Bridgefront Capital LLC acquired a new stake in Vital Energy during the fourth quarter worth $428,000. BNP Paribas Financial Markets purchased a new position in shares of Vital Energy during the 4th quarter worth approximately $123,000. Ameriprise Financial Inc. lifted its holdings in Vital Energy by 19.1% during the 4th quarter. Ameriprise Financial Inc. now owns 123,148 shares of the company's stock worth $3,808,000 after buying an additional 19,753 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of Vital Energy during the fourth quarter worth about $15,995,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Vital Energy Stock Up 6.8%

VTLE stock traded up $1.09 during mid-day trading on Monday, reaching $17.14. The company had a trading volume of 706,434 shares, compared to its average volume of 1,065,869. The stock has a 50 day simple moving average of $17.56 and a two-hundred day simple moving average of $26.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. The company has a market capitalization of $663.35 million, a price-to-earnings ratio of -3.61 and a beta of 1.53. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $51.71.

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

Analyst Upgrades and Downgrades

VTLE has been the subject of a number of recent research reports. Citigroup cut shares of Vital Energy to a "reduce" rating in a research note on Wednesday, March 5th. Mizuho lifted their price objective on Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Bank of America decreased their price target on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company dropped their price target on Vital Energy from $36.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. 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 MarketBeat.com, Vital Energy currently has an average rating of "Hold" and an average price target of $32.36.

Insider Activity at Vital Energy

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

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.