Bayforest Capital Ltd Acquires 28,596 Shares of Vital Energy, Inc. $VTLE

Key Points

• Bayforest Capital Ltd increased its stake in Vital Energy, Inc. by 120.8% during the 2nd quarter, now owning 52,276 shares valued at approximately $841,000.
• Several other institutional investors have also significantly increased their positions in Vital Energy, indicating strong interest in the company's stock.
• Vital Energy reported $2.02 EPS for the last quarter, exceeding analysts' expectations, although its revenue dropped 9.8% from the previous year.

Bayforest Capital Ltd boosted its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 120.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,276 shares of the company's stock after acquiring an additional 28,596 shares during the quarter. Bayforest Capital Ltd owned 0.13% of Vital Energy worth $841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTLE. GAMMA Investing LLC lifted its position in Vital Energy by 3,678.3% in the 1st quarter. GAMMA Investing LLC now owns 30,642 shares of the company's stock valued at $650,000 after acquiring an additional 29,831 shares in the last quarter. Western Wealth Management LLC lifted its holdings in shares of Vital Energy by 32.6% during the 1st quarter. Western Wealth Management LLC now owns 13,691 shares of the company's stock valued at $291,000 after buying an additional 3,366 shares during the period. 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 buying an additional 5,079 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Vital Energy by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 134,381 shares of the company's stock valued at $2,852,000 after buying an additional 3,539 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Vital Energy by 22.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 67,992 shares of the company's stock valued at $1,443,000 after buying an additional 12,473 shares during the period. 86.54% of the stock is owned by institutional investors.

Vital Energy Trading Up 6.3%

Shares of VTLE stock opened at $16.30 on Tuesday. Vital Energy, Inc. has a 52-week low of $12.30 and a 52-week high of $36.72. 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 firm has a market capitalization of $630.85 million, a PE ratio of -0.82 and a beta of 1.45. The stock has a fifty day simple moving average of $16.47 and a two-hundred day simple moving average of $16.66.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $429.63 million during the quarter, compared to analyst estimates of $481.25 million. During the same quarter in the prior year, the business posted $1.46 EPS. Vital Energy's revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Piper Sandler lowered their price target on 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 cut Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Raymond James Financial cut Vital Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Zacks Research raised Vital Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company reaffirmed a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, Vital Energy has an average rating of "Reduce" and a consensus target price of $26.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.