CoreCommodity Management LLC Sells 45,291 Shares of Vital Energy, Inc. (NYSE:VTLE)

CoreCommodity Management LLC cut its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,622 shares of the company's stock after selling 45,291 shares during the period. CoreCommodity Management LLC owned approximately 0.07% of Vital Energy worth $854,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Vital Energy by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company's stock valued at $65,442,000 after acquiring an additional 62,771 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Vital Energy by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company's stock valued at $43,157,000 after purchasing an additional 9,676 shares in the last quarter. Geode Capital Management LLC raised its holdings in Vital Energy by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 637,869 shares of the company's stock worth $19,727,000 after acquiring an additional 4,852 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Vital Energy during the fourth quarter worth about $15,995,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vital Energy by 25.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock worth $15,611,000 after acquiring an additional 103,583 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Trading Up 6.8%

Vital Energy stock traded up $1.09 during mid-day trading on Monday, hitting $17.14. The company's stock had a trading volume of 706,434 shares, compared to its average volume of 1,065,853. 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 stock has a market cap of $663.35 million, a price-to-earnings ratio of -3.61 and a beta of 1.53. The business has a 50 day moving average price of $17.56 and a 200-day moving average price of $26.48. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $51.71.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly 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 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 the consensus estimate of $550.90 million. As a group, analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on VTLE. Bank of America decreased their target price on Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 1st. Siebert Williams Shank lowered Vital Energy from a "buy" rating to a "hold" rating and lowered their target price for the stock from $62.00 to $27.00 in a research report on Wednesday, March 5th. Citigroup lowered Vital Energy to a "reduce" rating in a research report on Wednesday, March 5th. Mizuho raised their target price on Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Finally, Truist Financial lowered 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. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $32.36.

Insider Activity

In other news, COO Kathryn Anne Hill sold 5,673 shares of Vital Energy stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $117,601.29. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Richard D. Campbell acquired 5,000 shares of the firm'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 completion of the transaction, the insider now directly owns 43,072 shares in the company, 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. Insiders have sold a total of 21,647 shares of company stock worth $448,742 over the last 90 days. 1.50% of the stock is currently owned by insiders.

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.