Two Sigma Advisers LP Trims Position in Vital Energy, Inc. (NYSE:VTLE)

Two Sigma Advisers LP reduced its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,063 shares of the company's stock after selling 214,700 shares during the period. Two Sigma Advisers LP owned approximately 0.50% of Vital Energy worth $5,908,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. ProShare Advisors LLC bought a new position in shares of Vital Energy in the 4th quarter worth $266,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vital Energy by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company's stock valued at $503,000 after acquiring an additional 535 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in Vital Energy during the 4th quarter valued at $2,783,000. Focus Partners Wealth lifted its stake in Vital Energy by 5.6% during the 4th quarter. Focus Partners Wealth now owns 28,515 shares of the company's stock valued at $882,000 after acquiring an additional 1,515 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Vital Energy by 49.4% during the 4th quarter. Deutsche Bank AG now owns 22,773 shares of the company's stock valued at $704,000 after acquiring an additional 7,534 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

Vital Energy Stock Performance

Shares of NYSE VTLE traded down $0.25 during mid-day trading on Friday, reaching $15.03. 260,274 shares of the company's stock were exchanged, compared to its average volume of 1,218,478. The firm has a 50-day moving average price of $16.01 and a two-hundred day moving average price of $25.33. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $49.06. The firm has a market capitalization of $582.64 million, a price-to-earnings ratio of -3.16 and a beta of 1.53. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

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, topping the consensus estimate of $2.11 by $0.26. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The company had revenue of $512.18 million during the quarter, compared to analyst estimates of $528.76 million. During the same quarter last year, the firm posted $1.84 EPS. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. Analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current year.

Wall Street Analyst Weigh In

VTLE has been the topic of several recent analyst reports. Bank of America dropped their price objective on Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Siebert Williams Shank cut Vital Energy from a "buy" rating to a "hold" rating and dropped their price objective for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. Piper Sandler dropped their price objective on Vital Energy from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company decreased their target price on Vital Energy from $36.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $30.36.

Insider Buying and Selling

In related news, CEO M. Jason Pigott bought 5,500 shares of Vital Energy stock in a transaction on Wednesday, May 14th. The stock was acquired at an average price of $18.09 per share, with a total value of $99,495.00. Following the acquisition, the chief executive officer now directly owns 251,533 shares of the company's stock, valued at $4,550,231.97. This represents a 2.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Richard D. Campbell bought 5,000 shares of Vital Energy stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of $17.75 per share, with a total value of $88,750.00. Following the acquisition, the insider now directly owns 43,072 shares in the company, valued at approximately $764,528. This represents a 13.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 21,647 shares of company stock valued at $448,742. 1.50% of the stock is owned by insiders.

Vital Energy Company 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.