Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Riverstone Holdings LLC

Key Points

• Riverstone Holdings LLC sold 97.1% of its holdings in Vital Energy, leaving it with 14,533 shares, valued at $308,000, making it the fund's 4th largest holding.
• Several institutional investors significantly increased their stakes in Vital Energy, with Sterling Capital Management raising its holdings by 805.9% in the fourth quarter.
• Vital Energy shares have experienced a 3.4% decline, and analysts currently rate the stock as a "Hold" with an average price target of $28.30.

Riverstone Holdings LLC reduced its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 97.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,533 shares of the company's stock after selling 481,919 shares during the period. Vital Energy accounts for about 0.1% of Riverstone Holdings LLC's portfolio, making the stock its 4th largest holding. Riverstone Holdings LLC's holdings in Vital Energy were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VTLE. Sterling Capital Management LLC increased its holdings in 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 buying an additional 814 shares during the last quarter. Quarry LP bought a new position in shares of Vital Energy in the 4th quarter valued at about $37,000. BNP Paribas Financial Markets acquired a new position in shares of Vital Energy during the 4th quarter worth about $123,000. KLP Kapitalforvaltning AS acquired a new position in shares of Vital Energy during the 4th quarter worth about $124,000. Finally, Kerrisdale Advisers LLC bought a new stake in shares of Vital Energy in the 4th quarter valued at about $204,000. 86.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VTLE has been the subject of a number of research analyst reports. Piper Sandler reiterated a "neutral" rating and set a $17.00 price target (up previously from $15.00) on shares of Vital Energy in a report on Thursday, July 17th. Wells Fargo & Company reiterated a "mixed" rating on shares of Vital Energy in a research note on Tuesday, July 15th. Mizuho decreased their target price on Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Raymond James Financial lowered shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $28.30.

Vital Energy Stock Down 3.4%

VTLE stock opened at $18.71 on Friday. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $44.94. 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 stock has a market capitalization of $725.54 million, a price-to-earnings ratio of -5.54 and a beta of 1.60. The business's fifty day moving average price is $17.80 and its two-hundred day moving average price is $21.21.

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

Insider Buying and Selling

In related news, CEO M. Jason Pigott purchased 5,500 shares of Vital Energy stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average price of $18.09 per share, with a total value of $99,495.00. Following the completion of the transaction, the chief executive officer directly owned 251,533 shares of the company's stock, valued at $4,550,231.97. This represents a 2.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Richard D. Campbell sold 250,000 shares of the firm'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 owned 7,618,933 shares in the company, valued at approximately $139,045,527.25. This trade represents a 3.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

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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