Invesco Ltd. Sells 51,800 Shares of Vital Energy, Inc. $VTLE

Key Points

• Invesco Ltd. has reduced its stake in Vital Energy, Inc. by 13.4%, selling 51,800 shares and now holding approximately 333,493 shares valued at $7.07 million.
• Shares of Vital Energy experienced a 7.1% decline, with a current stock price of $16.81, significantly lower than its 12-month peak of $37.33.
• An analyst downgrade from a "hold" to a "sell" rating reflects a negative outlook for Vital Energy, with a consensus target price set at $28.20.

Invesco Ltd. cut its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,493 shares of the company's stock after selling 51,800 shares during the period. Invesco Ltd. owned 0.86% of Vital Energy worth $7,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Vital Energy during the fourth quarter valued at about $37,000. BNP Paribas Financial Markets bought a new stake in shares of Vital Energy during the fourth quarter valued at about $123,000. Integrated Wealth Concepts LLC bought a new stake in shares of Vital Energy during the fourth quarter valued at about $211,000. Picton Mahoney Asset Management bought a new stake in shares of Vital Energy during the first quarter valued at about $225,000. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Vital Energy during the fourth quarter valued at about $257,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VTLE. Piper Sandler decreased their price target on Vital Energy from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Wall Street Zen cut Vital Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company reissued a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Mizuho cut their price objective on Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Raymond James Financial lowered Vital Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $28.20.

Vital Energy Price Performance

VTLE traded down $0.10 during midday trading on Friday, hitting $17.82. The stock had a trading volume of 1,652,606 shares, compared to its average volume of 2,175,410. The company has a market cap of $689.44 million, a P/E ratio of -0.90 and a beta of 1.60. The business has a fifty day moving average of $16.94 and a 200 day moving average of $18.62. 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 $37.33.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. The business had revenue of $429.63 million during the quarter, compared to analyst estimates of $481.25 million. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.Vital Energy's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 earnings per share. As a group, equities analysts forecast 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 50,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $18.12, for a total value of $906,000.00. Following the completion of the sale, the insider owned 7,568,933 shares of the company's stock, valued at $137,149,065.96. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.