Counterpoint Mutual Funds LLC Acquires Shares of 23,594 Vital Energy, Inc. $VTLE

Key Points

• Counterpoint Mutual Funds LLC has acquired 23,594 shares of Vital Energy, Inc. ($VTLE), valued at approximately $380,000, representing about 0.06% ownership as of the last quarter.
• Major shareholders, including Westwood Holdings Group and Vanguard Group, significantly increased their stakes in Vital Energy, with several institutional investors holding a combined 86.54% of the company’s stock.
• Recent analyst reports have resulted in multiple downgrades for Vital Energy, including lowered price targets and ratings from firms like Piper Sandler and Mizuho.

Counterpoint Mutual Funds LLC bought a new position in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,594 shares of the company's stock, valued at approximately $380,000. Counterpoint Mutual Funds LLC owned approximately 0.06% of Vital Energy at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VTLE. Westwood Holdings Group Inc. grew its holdings in Vital Energy by 48.3% during the first quarter. Westwood Holdings Group Inc. now owns 3,284,584 shares of the company's stock worth $69,699,000 after acquiring an additional 1,070,289 shares during the period. Vanguard Group Inc. grew its stake in shares of Vital Energy by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company's stock worth $45,895,000 after purchasing an additional 46,300 shares during the period. American Century Companies Inc. increased its holdings in shares of Vital Energy by 35.8% in the 1st quarter. American Century Companies Inc. now owns 675,293 shares of the company's stock valued at $14,330,000 after purchasing an additional 177,851 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Vital Energy by 16.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company's stock valued at $12,492,000 after purchasing an additional 83,788 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Vital Energy by 4.0% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 502,740 shares of the company's stock valued at $10,668,000 after purchasing an additional 19,480 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VTLE has been the topic of several recent analyst reports. Piper Sandler lowered their target price 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 reissued a "mixed" rating on shares of Vital Energy in a research note on Tuesday, July 15th. Wall Street Zen downgraded Vital Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Raymond James Financial downgraded Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Finally, Mizuho dropped their price target on Vital Energy from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $27.80.

Vital Energy Price Performance

VTLE stock opened at $17.14 on Wednesday. The stock's 50 day moving average price is $16.69 and its 200 day moving average price is $17.15. The firm has a market cap of $663.12 million, a P/E ratio of -0.87 and a beta of 1.62. 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, Inc. has a 1 year low of $12.30 and a 1 year high of $36.72.

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

Insider Transactions at Vital Energy

In other Vital Energy news, major shareholder Richard D. Campbell sold 250,000 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $18.25, for a total transaction of $4,562,500.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company's stock.

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.

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