Nuveen LLC Invests $2.36 Million in Vital Energy, Inc. $VTLE

Key Points

• Nuveen LLC has invested approximately $2.36 million in Vital Energy, acquiring 111,252 shares, representing about 0.29% of the company as of the latest SEC filing.
• Vital Energy reported earnings of $2.02 EPS for the most recent quarter, exceeding expectations, but revenues were down 9.8% year-over-year.
• The stock has faced recent downgrades from multiple analysts, with Raymond James changing its rating from "outperform" to "underperform," indicating growing caution among equity research firms.

Nuveen LLC bought a new position in Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 111,252 shares of the company's stock, valued at approximately $2,361,000. Nuveen LLC owned 0.29% of Vital Energy as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Vital Energy by 53.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company's stock worth $311,000 after acquiring an additional 5,079 shares during the period. Vanguard Group Inc. lifted its holdings in Vital Energy by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company's stock worth $45,895,000 after purchasing an additional 46,300 shares in the last quarter. Northern Trust Corp boosted its stake in Vital Energy by 14.5% in the 4th 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 grew its holdings in Vital Energy by 3,678.3% during the 1st quarter. GAMMA Investing LLC now owns 30,642 shares of the company's stock valued at $650,000 after buying an additional 29,831 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Vital Energy by 16.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company's stock valued at $12,492,000 after buying an additional 83,788 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

Insider Transactions at Vital Energy

In other news, major shareholder Richard D. Campbell sold 250,000 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $18.25, for a total value of $4,562,500.00. Following the completion of the transaction, the insider directly owned 7,618,933 shares of the company's stock, valued at approximately $139,045,527.25. The trade was a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VTLE has been the subject of a number of research reports. Piper Sandler dropped their target price on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Wells Fargo & Company reissued a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Wall Street Zen cut Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Mizuho dropped their price target on 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, Raymond James Financial downgraded Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $28.20.

Vital Energy Trading Down 1.5%

VTLE traded down $0.26 during trading on Thursday, hitting $17.36. 1,417,131 shares of the stock were exchanged, compared to its average volume of 2,192,981. Vital Energy, Inc. has a 1 year low of $12.30 and a 1 year high of $36.72. The firm has a market cap of $671.99 million, a price-to-earnings ratio of -0.88 and a beta of 1.62. The firm has a 50 day simple moving average of $16.97 and a 200 day simple moving average of $18.17. 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 (NYSE:VTLE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. The firm had revenue of $429.63 million for 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%.The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 earnings per share. As a group, equities analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Vital Energy Company 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.