GAMMA Investing LLC Increases Position in Vital Energy, Inc. (NYSE:VTLE)

GAMMA Investing LLC increased its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 3,678.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,642 shares of the company's stock after buying an additional 29,831 shares during the period. GAMMA Investing LLC owned 0.08% of Vital Energy worth $650,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Vital Energy by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company's stock worth $503,000 after buying an additional 535 shares in the last quarter. US Bancorp DE lifted its position in shares of Vital Energy by 9.1% in the fourth quarter. US Bancorp DE now owns 6,971 shares of the company's stock worth $216,000 after buying an additional 581 shares in the last quarter. Comerica Bank lifted its position in shares of Vital Energy by 6.1% in the fourth quarter. Comerica Bank now owns 12,796 shares of the company's stock worth $396,000 after buying an additional 730 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock worth $28,000 after buying an additional 814 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in Vital Energy by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 17,514 shares of the company's stock valued at $542,000 after purchasing an additional 972 shares during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Williams Trading set a $27.00 price objective on Vital Energy in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Siebert Williams Shank lowered Vital Energy from a "buy" rating to a "hold" rating and lowered their price objective for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. Mizuho lowered their price objective on Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Citigroup lowered Vital Energy to a "reduce" rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Vital Energy currently has a consensus rating of "Hold" and a consensus price target of $30.09.

Insiders Place Their Bets

In other news, major shareholder Richard D. Campbell acquired 5,000 shares of Vital Energy stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the acquisition, the insider now directly owns 43,072 shares of the company's stock, valued at $764,528. This trade represents a 13.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO M. Jason Pigott acquired 5,500 shares of Vital Energy stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the completion of the acquisition, the chief executive officer now directly owns 251,533 shares in the company, valued at $4,550,231.97. This trade represents a 2.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Vital Energy Trading Down 1.1%

Shares of NYSE VTLE traded down $0.23 during midday trading on Friday, hitting $20.89. The company's stock had a trading volume of 1,369,917 shares, compared to its average volume of 1,107,680. 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 $16.43 and its two-hundred day moving average is $23.78. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $47.80. The firm has a market cap of $809.71 million, a P/E ratio of -6.18 and a beta of 1.59.

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

About Vital Energy

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.