GAMMA Investing LLC Boosts Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its holdings in shares of Vital Energy by 805.9% in the 4th quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock worth $28,000 after acquiring an additional 814 shares during the last quarter. Quarry LP purchased a new stake in Vital Energy in the 4th quarter worth about $37,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Vital Energy in the fourth quarter worth about $96,000. BNP Paribas Financial Markets bought a new stake in Vital Energy in the fourth quarter worth about $123,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Vital Energy during the fourth quarter valued at approximately $124,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Stock Down 2.2%

NYSE:VTLE traded down $0.47 during mid-day trading on Thursday, reaching $21.02. The company's stock had a trading volume of 1,133,462 shares, compared to its average volume of 1,111,135. The stock has a fifty day moving average of $16.13 and a 200-day moving average of $24.05. Vital Energy, Inc. has a 1 year low of $12.30 and a 1 year high of $47.80. The firm has a market capitalization of $814.98 million, a PE ratio of -6.22 and a beta of 1.59. 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 issued its quarterly earnings data on Monday, May 12th. The company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.26. The company had revenue of $512.18 million during the quarter, compared to the consensus estimate of $528.76 million. Vital Energy had a negative net margin of 6.37% and a positive return on equity of 10.34%. Vital Energy's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Equities research analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Analyst Ratings Changes

VTLE has been the topic of several recent analyst reports. Citigroup downgraded Vital Energy to a "reduce" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Piper Sandler decreased their target price on Vital Energy from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Williams Trading set a $27.00 price target on shares of Vital Energy in a report on Wednesday, March 5th. Finally, Raymond James Financial reduced their price target on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $30.09.

Insider Buying and Selling at Vital Energy

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