Public Sector Pension Investment Board Acquires 18,171 Shares of Vital Energy, Inc. $VTLE

Key Points

• The Public Sector Pension Investment Board increased its holdings in Vital Energy, Inc. by 27% during the first quarter, bringing its ownership to approximately $1.81 million.
• Several hedge funds also increased their positions in Vital Energy, with Westwood Holdings Group boosting its stake by 48.3% during the same period.
• Analysts have set mixed ratings for the stock, with one Buy rating, six Hold ratings, and four Sell ratings, and a current average price target of $28.20.

Public Sector Pension Investment Board lifted its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 27.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,483 shares of the company's stock after purchasing an additional 18,171 shares during the quarter. Public Sector Pension Investment Board owned 0.22% of Vital Energy worth $1,814,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its position in shares of Vital Energy by 805.9% during 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 last quarter. Quarry LP acquired a new stake in Vital Energy during the 4th quarter worth about $37,000. BNP Paribas Financial Markets purchased a new position in Vital Energy during the fourth quarter valued at $123,000. Kerrisdale Advisers LLC acquired a new position in shares of Vital Energy during the 4th quarter worth about $204,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Vital Energy during the fourth quarter worth approximately $211,000. 86.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Vital Energy

In related news, major shareholder Richard D. Campbell sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $18.12, for a total value of $906,000.00. Following the sale, the insider directly owned 7,568,933 shares in the company, valued at $137,149,065.96. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen cut Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Wells Fargo & Company reissued a "mixed" rating on shares of Vital Energy in a research report on Tuesday, July 15th. Raymond James Financial cut Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. 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. Finally, Mizuho dropped their price objective on Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $28.20.

Vital Energy Trading Up 16.4%

Shares of Vital Energy stock traded up $2.59 during trading hours on Monday, reaching $18.38. 7,801,284 shares of the company's stock were exchanged, compared to its average volume of 1,310,968. The firm has a market capitalization of $711.31 million, a price-to-earnings ratio of -0.93 and a beta of 1.60. The company has a fifty day moving average of $17.29 and a 200-day moving average of $18.95. Vital Energy, Inc. has a 52-week low of $12.30 and a 52-week high of $38.02. 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 posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. The company had revenue of $429.63 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 earnings per share. Sell-side analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

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.