Vital Energy, Inc. $VTLE Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in Vital Energy, Inc. by 939.7% in Q1, now owning 261,721 shares valued at approximately $5.55 million.
• Major shareholder Richard D. Campbell sold 50,000 shares at an average price of $18.12, lowering his stake by 0.66% to 7,568,933 shares.
• Vital Energy's stock has seen a 9.5% increase recently, currently priced at around $15.71, with analysts predicting an EPS of 8.49 for the current fiscal year.

Jump Financial LLC grew its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 939.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,721 shares of the company's stock after acquiring an additional 236,548 shares during the quarter. Jump Financial LLC owned about 0.68% of Vital Energy worth $5,554,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Public Sector Pension Investment Board lifted its holdings in shares of Vital Energy by 27.0% during the first quarter. Public Sector Pension Investment Board now owns 85,483 shares of the company's stock worth $1,814,000 after purchasing an additional 18,171 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vital Energy by 53.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company's stock worth $311,000 after purchasing an additional 5,079 shares during the period. Northern Trust Corp lifted its holdings in shares of Vital Energy by 14.5% during the fourth quarter. Northern Trust Corp now owns 304,345 shares of the company's stock worth $9,410,000 after purchasing an additional 38,537 shares during the period. GAMMA Investing LLC raised its position in Vital Energy by 3,678.3% during the first quarter. GAMMA Investing LLC now owns 30,642 shares of the company's stock valued at $650,000 after acquiring an additional 29,831 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Vital Energy by 19.1% in the fourth quarter. Ameriprise Financial Inc. now owns 123,148 shares of the company's stock valued at $3,808,000 after acquiring an additional 19,753 shares during the period. Institutional investors and hedge funds own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen lowered Vital Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Raymond James Financial lowered Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Wells Fargo & Company restated a "mixed" rating on shares of Vital Energy in a research report on Tuesday, July 15th. Mizuho lowered their price objective on Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Piper Sandler lowered their price objective 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. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $28.20.

Vital Energy Price Performance

Shares of VTLE traded down $0.10 during trading hours on Friday, hitting $17.82. 1,311,825 shares of the stock were exchanged, compared to its average volume of 1,361,713. 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 12-month low of $12.30 and a 12-month high of $37.33. The company has a market cap of $689.44 million, a price-to-earnings ratio of -0.90 and a beta of 1.60. The stock's 50-day moving average price is $17.00 and its two-hundred day moving average price is $18.73.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.The firm had revenue of $429.63 million during the quarter, compared to analysts' expectations of $481.25 million. During the same period in the previous year, the business earned $1.46 earnings per share. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. Research analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Insider Activity at Vital Energy

In related news, major shareholder Richard D. Campbell sold 50,000 shares of the business'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 transaction of $906,000.00. Following the completion of the sale, the insider directly owned 7,568,933 shares in the company, valued at approximately $137,149,065.96. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

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.