Vital Energy, Inc. (NYSE:VTLE) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 19.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,148 shares of the company's stock after purchasing an additional 19,753 shares during the quarter. Ameriprise Financial Inc. owned about 0.32% of Vital Energy worth $3,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VTLE. US Bancorp DE boosted its holdings in shares of Vital Energy by 9.1% in the fourth quarter. US Bancorp DE now owns 6,971 shares of the company's stock valued at $216,000 after acquiring an additional 581 shares during the period. Comerica Bank boosted its holdings in shares of Vital Energy by 6.1% in the fourth quarter. Comerica Bank now owns 12,796 shares of the company's stock valued at $396,000 after acquiring an additional 730 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock valued at $34,000 after acquiring an additional 803 shares during the period. Sterling Capital Management LLC lifted its holdings 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 worth $28,000 after purchasing an additional 814 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of Vital Energy by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 17,514 shares of the company's stock worth $542,000 after purchasing an additional 972 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Price Performance

Shares of VTLE stock traded down $0.40 during mid-day trading on Friday, reaching $14.88. The stock had a trading volume of 997,915 shares, compared to its average volume of 1,090,971. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $49.06. The company has a market cap of $576.87 million, a P/E ratio of -3.13 and a beta of 1.53. The business has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $25.19. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $512.18 million during the quarter, compared to analysts' expectations of $528.76 million. During the same quarter last year, the business posted $1.84 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Insider Activity at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott purchased 5,500 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were purchased at an average cost of $18.09 per share, with a total value of $99,495.00. Following the purchase, the chief executive officer now owns 251,533 shares in the company, valued at approximately $4,550,231.97. This represents a 2.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $207,300.00. Following the completion of the sale, the chief financial officer now directly owns 97,556 shares in the company, valued at approximately $2,022,335.88. The trade was a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,647 shares of company stock valued at $448,742 over the last quarter. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VTLE shares. Mizuho decreased their price target on Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Williams Trading set a $27.00 price target on Vital Energy in a report on Wednesday, March 5th. Wells Fargo & Company decreased their price target on Vital Energy from $36.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Siebert Williams Shank downgraded Vital Energy from a "buy" rating to a "hold" rating and decreased their price target for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, Piper Sandler decreased their price target on Vital Energy from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Vital Energy has a consensus rating of "Hold" and an average price target of $30.36.

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.