Man Group plc Has $3.26 Million Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Man Group plc trimmed its holdings in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 68.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,491 shares of the company's stock after selling 223,947 shares during the quarter. Man Group plc owned 0.28% of Vital Energy worth $3,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position 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 buying an additional 814 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Vital Energy during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its position in shares of Vital Energy by 276.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock worth $34,000 after purchasing an additional 803 shares during the period. Quarry LP acquired a new stake in shares of Vital Energy during the 4th quarter worth approximately $37,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Vital Energy by 247.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company's stock worth $48,000 after purchasing an additional 1,106 shares during the period. Hedge funds and other institutional investors own 86.54% of the company's stock.

Vital Energy Price Performance

Shares of VTLE stock traded up $0.14 during trading hours on Friday, hitting $15.23. The company had a trading volume of 1,093,023 shares, compared to its average volume of 1,091,398. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $49.20. The firm has a market capitalization of $590.28 million, a price-to-earnings ratio of -3.21 and a beta of 1.53. The firm's fifty day moving average is $16.59 and its 200 day moving average is $25.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.26. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The business had revenue of $512.18 million for the quarter, compared to analyst estimates of $528.76 million. During the same period in the prior year, the company earned $1.84 EPS. Vital Energy's revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark David Denny sold 5,974 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $123,841.02. Following the completion of the transaction, the executive vice president now owns 42,494 shares in the company, valued at $880,900.62. This trade represents a 12.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Richard D. Campbell purchased 5,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the transaction, the insider now owns 43,072 shares of the company's stock, valued at approximately $764,528. The trade was a 13.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 21,647 shares of company stock worth $448,742. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America cut their target price on Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Truist Financial lowered their price target on Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Siebert Williams Shank downgraded Vital Energy from a "buy" rating to a "hold" rating and lowered their price target for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Mizuho reduced their price objective on Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Raymond James cut their price objective on 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Vital Energy has a consensus rating of "Hold" and an average price target of $30.36.

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.