Fox Run Management L.L.C. Invests $1.18 Million in Vital Energy, Inc. $VTLE

Key Points

• Fox Run Management L.L.C. has acquired a new position in Vital Energy, purchasing 55,570 shares valued at approximately $1.18 million, representing a 0.14% ownership stake in the company.
• In the latest earnings report, Vital Energy reported an EPS of $2.02, exceeding estimates, but its revenue of $429.63 million fell short of the analyst expectations of $481.25 million.
• Several analysts have downgraded their ratings for Vital Energy, with reports citing a shift from "outperform" to "underperform" and a decrease in price targets, reflecting mixed to negative market sentiment.

Fox Run Management L.L.C. acquired a new position in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 55,570 shares of the company's stock, valued at approximately $1,179,000. Fox Run Management L.L.C. owned 0.14% of Vital Energy as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VTLE. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vital Energy by 53.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company's stock valued at $311,000 after acquiring an additional 5,079 shares in the last quarter. Northern Trust Corp increased its holdings in Vital Energy by 14.5% in the 4th quarter. Northern Trust Corp now owns 304,345 shares of the company's stock valued at $9,410,000 after purchasing an additional 38,537 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Vital Energy by 3,678.3% during the first quarter. GAMMA Investing LLC now owns 30,642 shares of the company's stock worth $650,000 after purchasing an additional 29,831 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Vital Energy by 19.1% in the fourth 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 during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Vital Energy in the first quarter worth about $768,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Vital Energy Stock Down 1.0%

VTLE stock traded down $0.1450 during midday trading on Wednesday, hitting $14.3950. 1,360,786 shares of the company's stock were exchanged, compared to its average volume of 1,345,581. The firm has a 50 day moving average price of $17.53 and a 200-day moving average price of $19.36. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $38.02. The stock has a market capitalization of $557.09 million, a price-to-earnings ratio of -0.73 and a beta of 1.60. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10.

Vital Energy (NYSE:VTLE - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. The company had revenue of $429.63 million during 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 was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 EPS. On average, analysts anticipate that Vital Energy, Inc. will post 8.49 EPS for the current year.

Wall Street Analyst Weigh In

VTLE has been the topic of several analyst reports. Wall Street Zen downgraded Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Raymond James Financial downgraded shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Mizuho reduced their target price on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company restated a "mixed" rating on shares of Vital Energy in a research note on Tuesday, July 15th. Finally, Piper Sandler lowered their price target on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Vital Energy currently has an average rating of "Reduce" and a consensus target price of $28.20.

Insider Buying and Selling

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

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.