Charles Schwab Investment Management Inc. Buys 83,788 Shares of Vital Energy, Inc. $VTLE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Vital Energy, Inc. by 16.6%, now holding approximately 1.52% of the company, worth about $12.49 million.
• Vital Energy's recent quarterly earnings showed an EPS of $2.02, surpassing estimates, but revenue decreased by 9.8% year-over-year.
• Analysts' ratings for Vital Energy are mixed, with one analyst rating it as a Buy while others have downgraded the stock from Hold to Sell.

Charles Schwab Investment Management Inc. grew its position in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 588,673 shares of the company's stock after acquiring an additional 83,788 shares during the period. Charles Schwab Investment Management Inc. owned about 1.52% of Vital Energy worth $12,492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VTLE. Raymond James Financial Inc. bought a new position in shares of Vital Energy during the fourth quarter valued at about $4,022,000. Sterling Capital Management LLC increased its position in shares of Vital Energy by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock valued at $28,000 after buying an additional 814 shares during the period. Mariner LLC purchased a new position in shares of Vital Energy during the fourth quarter valued at about $267,000. Guggenheim Capital LLC purchased a new position in shares of Vital Energy during the fourth quarter valued at about $261,000. Finally, NewEdge Advisors LLC increased its position in shares of Vital Energy by 37.1% during the fourth quarter. NewEdge Advisors LLC now owns 17,675 shares of the company's stock valued at $547,000 after buying an additional 4,787 shares during the period. 86.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Vital Energy Stock Performance

VTLE traded up $0.58 during trading on Thursday, hitting $17.87. The company's stock had a trading volume of 1,503,185 shares, compared to its average volume of 1,356,470. The firm has a market cap of $691.41 million, a PE ratio of -0.90 and a beta of 1.60. Vital Energy, Inc. has a one year low of $12.30 and a one year high of $37.33. The business's 50 day simple moving average is $17.07 and its 200-day simple moving average is $18.84. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.10.

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

Insider Activity at Vital Energy

In other Vital Energy news, major shareholder Richard D. Campbell sold 250,000 shares of Vital Energy stock in a transaction on Wednesday, July 9th. The shares were 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 trade represents a 3.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is owned by insiders.

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.