Bayforest Capital Ltd Makes New $502,000 Investment in Vital Energy, Inc. $VTLE

Key Points

• Bayforest Capital Ltd acquired 23,680 shares of Vital Energy, Inc., which is valued at approximately $502,000, representing about 0.06% ownership of the company.
• Major shareholder Richard D. Campbell sold 250,000 shares for $4.56 million, reducing his stake by 3.18% and retaining ownership of over 7.6 million shares valued at approximately $139 million.
• Analysts have mixed ratings for Vital Energy, with consensus ratings indicating a potential price reduction and a target price drop from previous estimates, while the company's stock recently opened at $15.67.

Bayforest Capital Ltd purchased a new position in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,680 shares of the company's stock, valued at approximately $502,000. Bayforest Capital Ltd owned 0.06% of Vital Energy at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in shares of Vital Energy in the 4th quarter worth approximately $123,000. Caption Management LLC acquired a new stake in Vital Energy during the 1st quarter valued at $149,000. Picton Mahoney Asset Management acquired a new stake in Vital Energy during the 1st quarter valued at $225,000. GF Fund Management CO. LTD. acquired a new stake in Vital Energy during the 4th quarter valued at $257,000. Finally, ProShare Advisors LLC acquired a new stake in Vital Energy during the 4th quarter valued at $266,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Richard D. Campbell sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $18.12, for a total transaction of $906,000.00. Following the sale, the insider owned 7,568,933 shares of the company's stock, valued at $137,149,065.96. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VTLE has been the topic of a number of analyst reports. Piper Sandler lowered their target price on Vital Energy from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Mizuho reduced their price target on Vital Energy from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Monday. Wall Street Zen lowered Vital Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Raymond James Financial lowered Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company reissued a "mixed" rating on shares of Vital Energy in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $27.80.

Vital Energy Stock Performance

Shares of VTLE traded down $0.26 during mid-day trading on Monday, reaching $16.15. 189,365 shares of the company's stock traded hands, compared to its average volume of 1,351,244. The business's 50-day moving average price is $16.92 and its 200-day moving average price is $17.43. The stock has a market capitalization of $624.89 million, a P/E ratio of -0.82 and a beta of 1.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $36.72.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. The company had revenue of $429.63 million for the quarter, compared to analysts' expectations of $481.25 million. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.The business's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. Equities analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

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.