OMERS ADMINISTRATION Corp Purchases Shares of 54,300 Vital Energy, Inc. $VTLE

Key Points

• OMERS ADMINISTRATION Corp has invested approximately $1.15 million in Vital Energy, acquiring 54,300 shares, which represents 0.14% of the company's total shares.
• A number of institutional investors have increased their stakes in Vital Energy, including a 939.7% increase from Jump Financial LLC during the first quarter.
• Wall Street analysts currently have a consensus rating of "Reduce" on Vital Energy stock, with a price target of $28.20, amidst mixed reviews on the company's performance.

OMERS ADMINISTRATION Corp bought a new position in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 54,300 shares of the company's stock, valued at approximately $1,152,000. OMERS ADMINISTRATION Corp owned approximately 0.14% of Vital Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Westwood Holdings Group Inc. lifted its holdings in shares of Vital Energy by 48.3% in the first quarter. Westwood Holdings Group Inc. now owns 3,284,584 shares of the company's stock worth $69,699,000 after buying an additional 1,070,289 shares in the last quarter. Vanguard Group Inc. raised its stake in Vital Energy by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company's stock valued at $45,895,000 after purchasing an additional 46,300 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Vital Energy by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company's stock valued at $43,157,000 after purchasing an additional 9,676 shares in the last quarter. Woodline Partners LP purchased a new stake in Vital Energy during the fourth quarter valued at $39,392,000. Finally, American Century Companies Inc. raised its stake in Vital Energy by 35.8% during the first quarter. American Century Companies Inc. now owns 675,293 shares of the company's stock valued at $14,330,000 after purchasing an additional 177,851 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Wall Street Analysts Forecast Growth

VTLE has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed a "mixed" rating on shares of Vital Energy in a research note on Tuesday, July 15th. Mizuho decreased their price target on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler decreased their price target on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Raymond James Financial downgraded shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of Vital Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $28.20.

Insider Activity at Vital Energy

In other Vital Energy news, major shareholder Richard D. Campbell sold 50,000 shares of the stock in a transaction dated Thursday, July 10th. The shares were 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 of the company's stock, valued at approximately $137,149,065.96. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

Vital Energy Trading Down 5.7%

Shares of NYSE VTLE traded down $0.99 during mid-day trading on Friday, reaching $16.41. The company had a trading volume of 1,461,004 shares, compared to its average volume of 2,116,492. The business's 50-day moving average is $16.97 and its 200-day moving average is $17.92. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10. The stock has a market cap of $634.87 million, a price-to-earnings ratio of -0.83 and a beta of 1.62. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $36.72.

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