Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC trimmed its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 30.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 297,079 shares of the company's stock after selling 131,216 shares during the period. Tributary Capital Management LLC owned about 0.77% of Vital Energy worth $6,304,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of VTLE. Sterling Capital Management LLC raised its position in shares of Vital Energy by 805.9% during the 4th quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock valued at $28,000 after buying an additional 814 shares during the period. Quarry LP purchased a new stake in Vital Energy in the fourth quarter valued at approximately $37,000. BNP Paribas Financial Markets purchased a new stake in Vital Energy in the fourth quarter valued at approximately $123,000. KLP Kapitalforvaltning AS purchased a new stake in Vital Energy in the fourth quarter valued at approximately $124,000. Finally, Signaturefd LLC raised its position in Vital Energy by 121.5% in the fourth quarter. Signaturefd LLC now owns 5,151 shares of the company's stock valued at $159,000 after purchasing an additional 2,825 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vital Energy

In related news, CEO M. Jason Pigott acquired 5,500 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the completion of the purchase, the chief executive officer directly owned 251,533 shares of the company's stock, valued at approximately $4,550,231.97. The trade was a 2.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Richard D. Campbell sold 250,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $18.25, for a total transaction of $4,562,500.00. Following the completion of the transaction, the insider owned 7,618,933 shares of the company's stock, valued at $139,045,527.25. This 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.

Vital Energy Stock Performance

Shares of VTLE stock opened at $16.13 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $17.36 and a 200 day moving average price of $22.33. The company has a market cap of $625.29 million, a P/E ratio of -4.77 and a beta of 1.60. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $47.80.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.26. The firm had revenue of $512.18 million during the quarter, compared to the consensus estimate of $528.76 million. Vital Energy had a negative net margin of 6.37% and a positive return on equity of 10.34%. The company's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Sell-side analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Raymond James Financial downgraded shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. Mizuho dropped 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. Bank of America dropped their price target on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company restated a "mixed" rating on shares of Vital Energy in a research note on Tuesday. Finally, Piper Sandler dropped their price target on shares of Vital Energy from $23.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.18.

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.

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