CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $318,000 Stock Position in Vital Energy, Inc. (NYSE:VTLE)

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

Other large investors have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of Vital Energy by 805.9% during the 4th quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock valued at $28,000 after purchasing an additional 814 shares in the last quarter. Quarry LP bought a new position in Vital Energy in the fourth quarter valued at approximately $37,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Vital Energy in the fourth quarter valued at approximately $96,000. BNP Paribas Financial Markets bought a new stake in shares of Vital Energy during the fourth quarter worth $123,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Vital Energy during the fourth quarter worth $124,000. Institutional investors own 86.54% of the company's stock.

Analysts Set New Price Targets

VTLE has been the subject of a number of research reports. Piper Sandler lowered their target price on Vital Energy from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Bank of America cut their target price on Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company decreased their price target on shares of Vital Energy from $24.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, June 16th. 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, JPMorgan Chase & Co. lowered their price target on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.09.

Vital Energy Stock Performance

Shares of VTLE stock traded up $0.39 on Tuesday, reaching $16.48. The stock had a trading volume of 1,371,696 shares, compared to its average volume of 1,117,428. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $47.80. The firm has a market capitalization of $638.93 million, a price-to-earnings ratio of -4.88 and a beta of 1.59. The firm's 50-day moving average is $16.74 and its two-hundred day moving average is $23.20. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.86.

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 firm had revenue of $512.18 million for the quarter, compared to analyst estimates of $528.76 million. Vital Energy had a positive return on equity of 10.34% and a negative net margin of 6.37%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 earnings per share. On average, research analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO M. Jason Pigott purchased 5,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the purchase, the chief executive officer owned 251,533 shares in the company, valued at approximately $4,550,231.97. This represents a 2.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Richard D. Campbell acquired 5,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of $17.75 per share, with a total value of $88,750.00. Following the completion of the transaction, the insider directly owned 43,072 shares of the company's stock, valued at approximately $764,528. The trade was a 13.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company's stock.

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.