Public Employees Retirement System of Ohio Decreases Stock Holdings in Vital Energy, Inc. $VTLE

Key Points

• The Public Employees Retirement System of Ohio has reduced its holdings in Vital Energy, Inc. by 46.5%, now owning 59,775 shares valued at approximately $962,000.
• Despite dropping revenue by 9.8% year-over-year, Vital Energy reported an earnings per share of $2.02, exceeding analysts' expectations by $0.04.
• Analysts have mixed ratings for Vital Energy, with a consensus target price of $26.44 and one analyst giving a Strong Buy rating amid varying price targets from different research firms.

Public Employees Retirement System of Ohio reduced its holdings in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 46.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,775 shares of the company's stock after selling 51,943 shares during the quarter. Public Employees Retirement System of Ohio owned 0.15% of Vital Energy worth $962,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Vital Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,980 shares of the company's stock worth $360,000 after buying an additional 702 shares during the period. Parallel Advisors LLC grew its stake in Vital Energy by 58.7% during the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock worth $32,000 after buying an additional 740 shares during the period. NFJ Investment Group LLC grew its stake in Vital Energy by 1.9% during the first quarter. NFJ Investment Group LLC now owns 72,503 shares of the company's stock worth $1,539,000 after buying an additional 1,346 shares during the period. Pinnacle Holdings LLC grew its stake in Vital Energy by 6.8% during the first quarter. Pinnacle Holdings LLC now owns 22,576 shares of the company's stock worth $479,000 after buying an additional 1,438 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Vital Energy by 7.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,724 shares of the company's stock valued at $826,000 after purchasing an additional 1,740 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Trading Up 5.7%

Vital Energy stock opened at $17.11 on Friday. The firm's 50-day moving average is $16.70 and its 200-day moving average is $16.93. 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, Inc. has a 1 year low of $12.30 and a 1 year high of $36.72. The company has a market cap of $662.12 million, a P/E ratio of -0.86 and a beta of 1.45.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.04. The business 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 company's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. On average, equities analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VTLE shares. Zacks Research raised shares of Vital Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd. Piper Sandler lowered their price target on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Mizuho lowered their price target on shares of Vital Energy from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Vital Energy in a report on Saturday, September 27th. Finally, Wells Fargo & Company reaffirmed a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $26.44.

Insider Activity

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

About Vital Energy

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.

Want to see what other hedge funds are holding VTLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vital Energy, Inc. (NYSE:VTLE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.