Vanguard Group Inc. Boosts Holdings in Vital Energy, Inc. $VTLE

Key Points

• Vanguard Group Inc. increased its stake in Vital Energy, Inc. by 2.2% during the first quarter, owning approximately 5.59% of the company, valued at about $45.9 million.
• Multiple institutional investors raised their holdings in Vital Energy, with GAMMA Investing LLC ramping up its stake by an extraordinary 3,678.3% during the same period.
• Despite a 9.8% decrease in year-over-year revenue, Vital Energy's EPS for the quarter of $2.02 exceeded analyst expectations of $1.98.

Vanguard Group Inc. raised its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,162,797 shares of the company's stock after acquiring an additional 46,300 shares during the quarter. Vanguard Group Inc. owned approximately 5.59% of Vital Energy worth $45,895,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Vital Energy by 53.1% in the first 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 last quarter. Northern Trust Corp lifted its stake 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 acquiring an additional 38,537 shares during the last quarter. GAMMA Investing LLC lifted its stake in Vital Energy by 3,678.3% in the first quarter. GAMMA Investing LLC now owns 30,642 shares of the company's stock worth $650,000 after acquiring an additional 29,831 shares during the last quarter. Ameriprise Financial Inc. lifted its stake 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 acquiring an additional 19,753 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Vital Energy in the first quarter worth approximately $768,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Insider Activity at Vital Energy

In other Vital Energy news, major shareholder Richard D. Campbell sold 50,000 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $18.12, for a total transaction of $906,000.00. Following the sale, the insider directly owned 7,568,933 shares in the company, valued at approximately $137,149,065.96. The trade was a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

Vital Energy Stock Performance

Shares of VTLE opened at $18.15 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $702.41 million, a P/E ratio of -0.92 and a beta of 1.60. The company's fifty day moving average is $17.23 and its two-hundred day moving average is $18.86. Vital Energy, Inc. has a 1 year low of $12.30 and a 1 year high of $38.02.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate 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 revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. On average, sell-side analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Analyst Ratings Changes

VTLE has been the subject of a number of recent research reports. Mizuho decreased their price target on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company reiterated a "mixed" rating on shares of Vital Energy in a research note on Tuesday, July 15th. Raymond James Financial downgraded shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of Vital Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Piper Sandler reduced their price objective on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vital Energy has an average rating of "Reduce" and an average price target of $28.20.

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.

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