Fox Run Management L.L.C. Makes New $1.18 Million Investment 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. purchased a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in Vital Energy by 2.0% during the 1st quarter. Russell Investments Group Ltd. now owns 100,020 shares of the company's stock valued at $2,122,000 after buying an additional 1,992 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Vital Energy by 27.0% in the 1st quarter. Public Sector Pension Investment Board now owns 85,483 shares of the company's stock worth $1,814,000 after acquiring an additional 18,171 shares in the last quarter. Nuveen LLC bought a new stake in Vital Energy during the 1st quarter valued at about $2,361,000. Swiss National Bank increased its stake in Vital Energy by 23.1% during the 1st quarter. Swiss National Bank now owns 55,500 shares of the company's stock valued at $1,178,000 after purchasing an additional 10,400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Vital Energy by 16.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company's stock valued at $12,492,000 after acquiring an additional 83,788 shares during the last quarter. Institutional investors own 86.54% of the company's stock.

Insider Activity at Vital Energy

In related news, major shareholder Richard D. Campbell sold 250,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was 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 directly owned 7,618,933 shares of the company's stock, valued at $139,045,527.25. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Vital Energy Trading Down 0.3%

Shares of NYSE VTLE traded down $0.04 during trading on Friday, hitting $15.33. 1,084,288 shares of the company were exchanged, compared to its average volume of 1,261,486. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $38.02. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. The company has a fifty day moving average price of $17.75 and a 200-day moving average price of $19.55. The firm has a market capitalization of $593.27 million, a PE ratio of -0.77 and a beta of 1.60.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VTLE shares. Piper Sandler dropped their price objective on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday. Wall Street Zen downgraded shares of Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Wells Fargo & Company reissued a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Mizuho reduced their price target 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. Finally, Raymond James Financial cut shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Vital Energy presently has a consensus rating of "Hold" and a consensus 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.