Two Sigma Investments LP Trims Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Two Sigma Investments LP trimmed its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 47.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,915 shares of the company's stock after selling 154,467 shares during the quarter. Two Sigma Investments LP owned approximately 0.45% of Vital Energy worth $5,285,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VTLE. Sterling Capital Management LLC increased its holdings in shares of Vital Energy by 805.9% in 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 last quarter. R Squared Ltd purchased a new position in Vital Energy during the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC increased its stake in Vital Energy by 276.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock worth $34,000 after acquiring an additional 803 shares during the last quarter. Quarry LP bought a new stake in Vital Energy in the 4th quarter worth approximately $37,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Vital Energy during the 4th quarter worth approximately $96,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VTLE has been the subject of a number of recent research reports. Citigroup cut shares of Vital Energy to a "reduce" rating in a research note on Wednesday, March 5th. Raymond James reduced their price objective on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Truist Financial lowered their target price on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Siebert Williams Shank lowered shares of Vital Energy from a "buy" rating to a "hold" rating and decreased their price objective for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, Bank of America dropped their target price on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $30.36.

Vital Energy Stock Down 2.6%

Shares of NYSE:VTLE traded down $0.40 during trading hours on Friday, hitting $14.88. The company's stock had a trading volume of 997,915 shares, compared to its average volume of 1,090,971. The firm's fifty day moving average price is $15.86 and its 200 day moving average price is $25.15. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $49.06. The company has a market capitalization of $576.87 million, a price-to-earnings ratio of -3.13 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 issued its quarterly earnings data 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 analyst estimates of $528.76 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. Vital Energy's revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. As a group, research analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Insider Activity

In related news, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the transaction, the chief financial officer now owns 97,556 shares in the company, valued at $2,022,335.88. The trade was a 9.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Richard D. Campbell bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average cost of $17.75 per share, with a total value of $88,750.00. Following the transaction, the insider now directly owns 43,072 shares of the company's stock, valued at $764,528. The trade was a 13.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 21,647 shares of company stock worth $448,742. 1.50% of the stock is currently owned by company insiders.

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.