Northern Trust Corp Has $9.41 Million Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Northern Trust Corp lifted its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,345 shares of the company's stock after purchasing an additional 38,537 shares during the period. Northern Trust Corp owned approximately 0.80% of Vital Energy worth $9,410,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. US Bancorp DE lifted its position in shares of Vital Energy by 9.1% during the fourth quarter. US Bancorp DE now owns 6,971 shares of the company's stock worth $216,000 after purchasing an additional 581 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock valued at $34,000 after buying an additional 803 shares during the period. Sterling Capital Management LLC lifted its holdings in Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock valued at $28,000 after buying an additional 814 shares during the period. MetLife Investment Management LLC lifted its holdings in Vital Energy by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 17,514 shares of the company's stock valued at $542,000 after buying an additional 972 shares during the period. Finally, R Squared Ltd acquired a new position in Vital Energy in the fourth quarter valued at approximately $34,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Stock Up 0.9%

VTLE traded up $0.14 during trading hours on Friday, hitting $15.23. 1,093,023 shares of the company's stock were exchanged, compared to its average volume of 1,089,545. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $49.20. The stock's 50-day moving average is $16.59 and its two-hundred day moving average is $25.75. The stock has a market cap of $590.28 million, a price-to-earnings ratio of -3.21 and a beta of 1.53. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VTLE. Bank of America cut their price objective on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. cut their price objective on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Raymond James lowered their target price on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Mizuho lowered their target price on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Piper Sandler lowered their target price on shares of Vital Energy from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $30.36.

Insider Buying and Selling

In other news, CEO M. Jason Pigott purchased 5,500 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was purchased at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the completion of the purchase, the chief executive officer now directly owns 251,533 shares in the company, valued at $4,550,231.97. The trade was a 2.24% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Richard D. Campbell purchased 5,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average price of $17.75 per share, with a total value of $88,750.00. Following the purchase, 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. Over the last 90 days, insiders sold 21,647 shares of company stock worth $448,742. 1.50% of the stock is 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.