Readystate Asset Management LP Has $3.02 Million Holdings in Vital Energy, Inc. (NYSE:VTLE)

Readystate Asset Management LP grew its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 83.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,085 shares of the company's stock after purchasing an additional 64,659 shares during the period. Readystate Asset Management LP owned approximately 0.37% of Vital Energy worth $3,015,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Vital Energy by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company's stock worth $503,000 after buying an additional 535 shares during the last quarter. Comerica Bank raised 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 acquiring an additional 730 shares during the period. Sterling Capital Management LLC raised its position in Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock worth $28,000 after acquiring an additional 814 shares during the period. MetLife Investment Management LLC grew its stake in Vital Energy by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 17,514 shares of the company's stock valued at $542,000 after acquiring an additional 972 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Vital Energy by 9.5% in the fourth quarter. Natixis Advisors LLC now owns 13,649 shares of the company's stock valued at $422,000 after acquiring an additional 1,185 shares during the period. Institutional investors own 86.54% of the company's stock.

Insider Buying and Selling at Vital Energy

In other news, major shareholder Richard D. Campbell sold 50,000 shares of the company's stock in a transaction on Thursday, July 10th. The stock was 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 $137,149,065.96. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO M. Jason Pigott bought 5,500 shares of Vital Energy stock in a transaction dated Wednesday, May 14th. The shares were bought at an average cost of $18.09 per share, with a total value of $99,495.00. Following the completion of the acquisition, the chief executive officer owned 251,533 shares of the company's stock, valued at $4,550,231.97. The trade was a 2.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VTLE. Piper Sandler reiterated a "neutral" rating and set a $17.00 target price (up from $15.00) on shares of Vital Energy in a report on Thursday, July 17th. Wells Fargo & Company reissued a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Bank of America dropped their price target 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. Raymond James Financial cut Vital Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Finally, Mizuho reduced their price target on Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Vital Energy has a consensus rating of "Hold" and an average target price of $28.30.

Vital Energy Price Performance

Shares of Vital Energy stock traded up $0.04 during trading on Friday, hitting $18.77. The stock had a trading volume of 620,399 shares, compared to its average volume of 1,251,050. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $727.60 million, a P/E ratio of -5.55 and a beta of 1.60. The business has a fifty day moving average of $17.40 and a two-hundred day moving average of $21.74. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $44.94.

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