Vital Energy, Inc. (NYSE:VTLE) Shares Bought by Readystate Asset Management LP

Readystate Asset Management LP grew its holdings in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 83.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,085 shares of the company's stock after purchasing an additional 64,659 shares during the quarter. Readystate Asset Management LP owned approximately 0.37% of Vital Energy worth $3,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTLE. Y Intercept Hong Kong Ltd purchased a new position in shares of Vital Energy during the 1st quarter worth $351,000. Jackson Creek Investment Advisors LLC purchased a new position in shares of Vital Energy during the 1st quarter worth $1,105,000. Envestnet Asset Management Inc. raised its holdings in shares of Vital Energy by 22.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 67,992 shares of the company's stock worth $1,443,000 after acquiring an additional 12,473 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Vital Energy by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 134,381 shares of the company's stock worth $2,852,000 after acquiring an additional 3,539 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Vital Energy by 53.1% during the 1st 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. Institutional investors and hedge funds own 86.54% of the company's stock.

Insider Activity

In other news, CEO M. Jason Pigott bought 5,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $18.09 per share, with a total value of $99,495.00. Following the purchase, the chief executive officer owned 251,533 shares in the company, valued at approximately $4,550,231.97. The trade was a 2.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the insider directly owned 7,618,933 shares of the company's stock, valued at $139,045,527.25. The trade was a 3.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VTLE has been the topic of several analyst reports. Wells Fargo & Company reiterated a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Piper Sandler reiterated a "neutral" rating and set a $17.00 price target (up from $15.00) on shares of Vital Energy in a report on Thursday, July 17th. Mizuho cut their price objective on Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Raymond James Financial downgraded Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Finally, Bank of America cut their price objective on Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a research report on Tuesday, April 1st. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $28.30.

Vital Energy Trading Down 0.7%

VTLE traded down $0.14 during mid-day trading on Friday, hitting $18.59. 911,082 shares of the stock were exchanged, compared to its average volume of 1,148,000. The firm's fifty day moving average is $17.45 and its two-hundred day moving average is $21.55. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $44.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86. The company has a market cap of $720.77 million, a PE ratio of -5.50 and a beta of 1.60.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.26. Vital Energy had a positive return on equity of 10.34% and a negative net margin of 6.37%. The firm had revenue of $512.18 million for the quarter, compared to analyst estimates of $528.76 million. During the same quarter in the prior year, the company earned $1.84 EPS. Vital Energy's revenue was up 6.2% on a year-over-year basis. Equities analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

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.