Petrus Trust Company LTA Makes New $470,000 Investment in Vital Energy, Inc. $VTLE

Key Points

• Petrus Trust Company LTA purchased 22,143 shares of Vital Energy, Inc. valued at approximately $470,000, representing a new stake in the company.
• Vital Energy shares are currently trading at $16.41, down 5.7%, with a market cap of $634.87 million.
• Insider Richard D. Campbell sold 250,000 shares for a total of $4,562,500, resulting in a 3.18% decrease in their ownership stake of the company.

Petrus Trust Company LTA bought a new position in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,143 shares of the company's stock, valued at approximately $470,000. Petrus Trust Company LTA owned about 0.06% of Vital Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of VTLE. Price T Rowe Associates Inc. MD boosted its position in Vital Energy by 13.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,014 shares of the company's stock worth $465,000 after purchasing an additional 1,732 shares during the last quarter. Northern Trust Corp boosted its position in Vital Energy by 14.5% in 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 last quarter. Comerica Bank boosted its position in Vital Energy by 6.1% in the fourth quarter. Comerica Bank now owns 12,796 shares of the company's stock worth $396,000 after purchasing an additional 730 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Vital Energy by 19.1% in the fourth quarter. Ameriprise Financial Inc. now owns 123,148 shares of the company's stock worth $3,808,000 after purchasing an additional 19,753 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Vital Energy in the fourth quarter worth about $123,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Vital Energy Price Performance

VTLE traded down $0.34 on Friday, hitting $16.42. 465,703 shares of the company's stock traded hands, compared to its average volume of 2,090,773. The company's 50 day simple moving average is $16.92 and its 200-day simple moving average is $17.49. The firm has a market cap of $635.45 million, a price-to-earnings ratio of -0.83 and a beta of 1.62. Vital Energy, Inc. has a one year low of $12.30 and a one year high of $36.72. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10.

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

Insider Transactions at Vital Energy

In other Vital Energy news, major shareholder Richard D. Campbell sold 50,000 shares of Vital Energy stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $18.12, for a total value of $906,000.00. Following the sale, the insider owned 7,568,933 shares of the company's stock, valued at $137,149,065.96. The trade was a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Raymond James Financial cut Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Piper Sandler dropped their target price 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. Wells Fargo & Company reaffirmed a "mixed" rating on shares of Vital Energy in a research note on Tuesday, July 15th. Finally, Wall Street Zen downgraded 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 assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $28.20.

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.