American Century Companies Inc. Raises Position in Vital Energy, Inc. $VTLE

Key Points

• American Century Companies Inc. increased its holdings in Vital Energy, Inc. by 35.8%, owning approximately 675,293 shares valued at $14.33 million as of the latest SEC filing.
• Vital Energy reported a quarterly EPS of $2.02, exceeding analysts' expectations but saw a 9.8% decline in revenue year-over-year, totaling $429.63 million.
• The stock of Vital Energy has faced mixed reviews from brokerages, with a consensus rating of "Reduce" and an average price target of $28.20.

American Century Companies Inc. increased its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 35.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 675,293 shares of the company's stock after purchasing an additional 177,851 shares during the quarter. American Century Companies Inc. owned about 1.74% of Vital Energy worth $14,330,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VTLE. Quarry LP acquired a new position in Vital Energy in the fourth quarter valued at approximately $37,000. BNP Paribas Financial Markets acquired a new position in Vital Energy in the fourth quarter valued at approximately $123,000. Integrated Wealth Concepts LLC acquired a new position in Vital Energy in the fourth quarter valued at approximately $211,000. GF Fund Management CO. LTD. acquired a new position in Vital Energy in the fourth quarter valued at approximately $257,000. Finally, Guggenheim Capital LLC acquired a new position in Vital Energy in the fourth quarter valued at approximately $261,000. 86.54% of the stock is owned by institutional investors.

Insider Transactions at Vital Energy

In other Vital Energy news, major shareholder Richard D. Campbell sold 50,000 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $18.12, for a total transaction of $906,000.00. Following the completion of the sale, the insider owned 7,568,933 shares of the company's stock, valued at approximately $137,149,065.96. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Vital Energy Trading Up 3.3%

Vital Energy stock traded up $0.55 during trading on Wednesday, hitting $17.32. The company's stock had a trading volume of 3,812,353 shares, compared to its average volume of 1,976,751. The stock has a market capitalization of $670.44 million, a price-to-earnings ratio of -0.88 and a beta of 1.60. The stock's fifty day moving average is $17.07 and its 200 day moving average is $18.84. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $37.33. 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 (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. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.The firm had revenue of $429.63 million during the quarter, compared to analyst estimates of $481.25 million. During the same period in the prior year, the firm posted $1.46 earnings per share. The business's quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities research analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VTLE shares. Wells Fargo & Company restated a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Piper Sandler cut 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, August 14th. Wall Street Zen lowered shares of Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Raymond James Financial lowered shares of Vital Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Finally, Mizuho cut their target price on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $28.20.

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.