Two Sigma Investments LP Sells 154,467 Shares of Vital Energy, Inc. (NYSE:VTLE)

Two Sigma Investments LP reduced its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 47.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 170,915 shares of the company's stock after selling 154,467 shares during the quarter. Two Sigma Investments LP owned 0.45% of Vital Energy worth $5,285,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VTLE. Sterling Capital Management LLC boosted its stake in Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock valued at $28,000 after buying an additional 814 shares in the last quarter. R Squared Ltd bought a new position in Vital Energy in the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC raised its position in 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 purchasing an additional 803 shares during the last quarter. Quarry LP bought a new position in Vital Energy in the fourth quarter valued at about $37,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Vital Energy in the fourth quarter valued at about $96,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Stock Down 1.1%

Shares of NYSE VTLE traded down $0.17 during midday trading on Thursday, hitting $15.27. 602,524 shares of the stock traded hands, compared to its average volume of 1,088,804. The company has a market cap of $592.10 million, a PE ratio of -3.22 and a beta of 1.53. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. Vital Energy, Inc. has a one year low of $12.30 and a one year high of $49.06. The business has a 50 day moving average price of $16.16 and a two-hundred day moving average price of $25.44.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.26. The company had revenue of $512.18 million for the quarter, compared to analysts' expectations of $528.76 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Vital Energy's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.84 earnings per share. On average, equities analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current year.

Insider Buying and Selling

In other news, CEO M. Jason Pigott acquired 5,500 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average cost of $18.09 per share, for a total transaction of $99,495.00. Following the purchase, the chief executive officer now owns 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Richard D. Campbell acquired 5,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the completion of the purchase, the insider now directly owns 43,072 shares in the company, valued at $764,528. This trade represents a 13.13% increase in their position. 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.

Wall Street Analyst Weigh In

Several research firms have commented on VTLE. Siebert Williams Shank downgraded Vital Energy from a "buy" rating to a "hold" rating and dropped their target price for the company from $62.00 to $27.00 in a research report on Wednesday, March 5th. Williams Trading set a $27.00 price objective on Vital Energy in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their price objective 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. Citigroup downgraded Vital Energy to a "reduce" rating in a research report on Wednesday, March 5th. Finally, Bank of America lowered their target price on Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Vital Energy has a consensus rating of "Hold" and an average target price 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.