Bayforest Capital Ltd Acquires Shares of 23,680 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 bought a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,680 shares of the company's stock, valued at approximately $502,000. Bayforest Capital Ltd owned about 0.06% of Vital Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vital Energy by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company's stock valued at $503,000 after buying an additional 535 shares during the period. Comerica Bank grew its stake in shares of Vital Energy by 6.1% in the fourth quarter. Comerica Bank now owns 12,796 shares of the company's stock worth $396,000 after acquiring an additional 730 shares in the last quarter. NFJ Investment Group LLC grew its stake in shares of Vital Energy by 1.9% in the first quarter. NFJ Investment Group LLC now owns 72,503 shares of the company's stock worth $1,539,000 after acquiring an additional 1,346 shares in the last quarter. Pinnacle Holdings LLC grew its stake in shares of Vital Energy by 6.8% in the first quarter. Pinnacle Holdings LLC now owns 22,576 shares of the company's stock worth $479,000 after acquiring an additional 1,438 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Vital Energy by 5.6% in the fourth quarter. Focus Partners Wealth now owns 28,515 shares of the company's stock worth $882,000 after acquiring an additional 1,515 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Vital Energy Stock Down 2.0%

Shares of VTLE stock traded down $0.34 on Friday, reaching $16.42. 465,703 shares of the stock were exchanged, compared to its average volume of 2,090,773. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10. The business's 50 day moving average price is $16.92 and its 200 day moving average price is $17.56. The company has a market capitalization of $635.45 million, a price-to-earnings ratio of -0.83 and a beta of 1.62. Vital Energy, Inc. has a twelve month low of $12.30 and a twelve month high of $36.72.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.04. The firm had revenue of $429.63 million during the quarter, compared to the consensus estimate of $481.25 million. Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The company's revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, sell-side analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Insider Transactions at Vital Energy

In other Vital Energy news, major shareholder Richard D. Campbell sold 250,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $18.25, for a total value of $4,562,500.00. Following the completion of the transaction, the insider owned 7,618,933 shares in the company, valued at $139,045,527.25. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on VTLE shares. Wall Street Zen downgraded shares of Vital Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Raymond James Financial downgraded shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. Piper Sandler dropped their price target on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Finally, Wells Fargo & Company reaffirmed a "mixed" rating on shares of Vital Energy in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Vital Energy has a consensus rating of "Reduce" and an average target price of $28.20.

Vital Energy 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.