Jackson Creek Investment Advisors LLC Invests $1.11 Million in Vital Energy, Inc. (NYSE:VTLE)

Jackson Creek Investment Advisors LLC bought a new position in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,082 shares of the company's stock, valued at approximately $1,105,000. Jackson Creek Investment Advisors LLC owned about 0.13% of Vital Energy as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in VTLE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 purchasing an additional 535 shares during the period. Comerica Bank increased its position in 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 purchasing an additional 730 shares during the period. Sterling Capital Management LLC increased its position in 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 purchasing an additional 814 shares during the period. MetLife Investment Management LLC increased its position in Vital Energy by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 17,514 shares of the company's stock worth $542,000 after purchasing an additional 972 shares during the period. Finally, Natixis Advisors LLC increased its position in Vital Energy by 9.5% in the fourth quarter. Natixis Advisors LLC now owns 13,649 shares of the company's stock worth $422,000 after purchasing an additional 1,185 shares during the period. Institutional investors own 86.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VTLE. Raymond James Financial lowered Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Piper Sandler restated a "neutral" rating and set a $17.00 target price (up previously from $15.00) on shares of Vital Energy in a report on Thursday. Bank of America reduced their target price on Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. Wells Fargo & Company restated a "mixed" rating on shares of Vital Energy in a report on Tuesday. Finally, Mizuho reduced their target price on Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Four equities research 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, Vital Energy currently has an average rating of "Hold" and a consensus target price of $30.27.

Vital Energy Stock Up 2.7%

Shares of NYSE:VTLE traded up $0.45 during trading on Friday, hitting $17.35. 239,014 shares of the company were exchanged, compared to its average volume of 1,249,952. The stock has a market cap of $672.81 million, a price-to-earnings ratio of -5.13 and a beta of 1.60. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $45.83. The firm has a fifty day moving average price of $17.39 and a two-hundred day moving average price of $22.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its 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 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 firm's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 EPS. As a group, research analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vital Energy news, CEO M. Jason Pigott bought 5,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average cost of $18.09 per share, with a total value of $99,495.00. Following the acquisition, the chief executive officer owned 251,533 shares of the company's stock, valued at $4,550,231.97. The trade was a 2.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Richard D. Campbell sold 250,000 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $18.25, for a total value of $4,562,500.00. Following the completion of the sale, the insider owned 7,618,933 shares of the company's stock, valued at $139,045,527.25. This trade represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by 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.

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