CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Trims Stake in Vital Energy, Inc. (NYSE:VTLE)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT reduced its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 66.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,000 shares of the company's stock after selling 30,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in Vital Energy were worth $318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VTLE. Principal Financial Group Inc. lifted its holdings in shares of Vital Energy by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 130,842 shares of the company's stock valued at $4,046,000 after purchasing an additional 3,571 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Vital Energy in the 4th quarter valued at about $788,000. US Bancorp DE lifted its holdings in shares of Vital Energy by 9.1% in the 4th quarter. US Bancorp DE now owns 6,971 shares of the company's stock valued at $216,000 after purchasing an additional 581 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vital Energy by 25.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock valued at $15,611,000 after purchasing an additional 103,583 shares during the last quarter. Finally, Arizona State Retirement System acquired a new position in Vital Energy in the 4th quarter valued at about $206,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO M. Jason Pigott bought 5,500 shares of Vital Energy stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $18.09 per share, with a total value of $99,495.00. Following the purchase, the chief executive officer now owns 251,533 shares in the company, valued at $4,550,231.97. This represents a 2.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Richard D. Campbell bought 5,000 shares of Vital Energy stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the purchase, the insider now owns 43,072 shares in the company, valued at $764,528. This represents a 13.13% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company's stock.

Vital Energy Stock Performance

NYSE VTLE opened at $16.58 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86. The business's 50 day moving average is $16.72 and its two-hundred day moving average is $23.42. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $47.80. The stock has a market capitalization of $642.65 million, a price-to-earnings ratio of -4.90 and a beta of 1.59.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VTLE. Citigroup cut Vital Energy to a "reduce" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Bank of America dropped their price target on Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 1st. Raymond James Financial cut Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday. Finally, Siebert Williams Shank cut Vital Energy from a "buy" rating to a "hold" rating and dropped their price target for the company from $62.00 to $27.00 in a research report on Wednesday, March 5th. 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 stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $30.09.

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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