Bayforest Capital Ltd Takes Position in Vital Energy, Inc. (NYSE:VTLE)

Key Points

• Bayforest Capital Ltd acquired a new stake in Vital Energy, purchasing **23,680 shares** valued at approximately **$502,000**, representing about **0.06%** of the company's stock as of its recent SEC filing.
• Several institutional investors, including GSA Capital Partners LLP and Readystate Asset Management LP, have also made significant investments in Vital Energy during the first quarter, contributing to a total of **86.54%** institutional ownership.
• Vital Energy's stock trading has seen fluctuations, with a current price of **$19.41**, a twelve-month range between **$12.30 and $44.94**, and an average analyst rating of **"Hold"** with a target price of **$28.30**.

Bayforest Capital Ltd purchased a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,680 shares of the company's stock, valued at approximately $502,000. Bayforest Capital Ltd owned 0.06% of Vital Energy at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Vital Energy during the first quarter valued at approximately $768,000. Picton Mahoney Asset Management acquired a new position in shares of Vital Energy during the first quarter valued at approximately $225,000. Cetera Investment Advisers increased its stake in shares of Vital Energy by 15.1% during the first quarter. Cetera Investment Advisers now owns 40,382 shares of the company's stock valued at $857,000 after acquiring an additional 5,295 shares during the period. Wakefield Asset Management LLLP acquired a new position in shares of Vital Energy during the first quarter valued at approximately $828,000. Finally, Readystate Asset Management LP increased its stake in shares of Vital Energy by 83.5% during the first quarter. Readystate Asset Management LP now owns 142,085 shares of the company's stock valued at $3,015,000 after acquiring an additional 64,659 shares during the period. Institutional investors and hedge funds own 86.54% of the company's stock.

Vital Energy Stock Down 9.5%

Shares of VTLE stock traded down $1.77 on Friday, hitting $16.92. The company's stock had a trading volume of 1,511,406 shares, compared to its average volume of 1,117,534. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $41.86. The firm's fifty day moving average price is $17.83 and its 200-day moving average price is $21.08. The stock has a market capitalization of $655.99 million, a price-to-earnings ratio of -5.01 and a beta of 1.60.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.26. The business had revenue of $512.18 million during the quarter, compared to analyst estimates of $528.76 million. Vital Energy had a negative net margin of 6.37% and a positive return on equity of 10.34%. Vital Energy's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 EPS. Research analysts anticipate that Vital Energy, Inc. will post 8.49 EPS for the current year.

Insider Activity

In related news, CEO M. Jason Pigott acquired 5,500 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were bought at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the acquisition, the chief executive officer owned 251,533 shares in the company, valued at $4,550,231.97. This trade represents a 2.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Richard D. Campbell sold 250,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $18.25, for a total transaction of $4,562,500.00. Following the transaction, the insider owned 7,618,933 shares in the company, valued at approximately $139,045,527.25. The trade was a 3.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

VTLE has been the topic of several recent research reports. Wells Fargo & Company restated a "mixed" rating on shares of Vital Energy in a research report on Tuesday, July 15th. Piper Sandler restated a "neutral" rating and issued a $17.00 price target (up previously from $15.00) on shares of Vital Energy in a research report on Thursday, July 17th. Raymond James Financial lowered shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Finally, Mizuho decreased 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. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Vital Energy currently has a consensus rating of "Hold" and an average price target of $28.30.

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.