GTS Securities LLC Reduces Stock Position in Vital Energy, Inc. (NYSE:VTLE)

GTS Securities LLC trimmed its holdings in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 71.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,838 shares of the company's stock after selling 22,162 shares during the quarter. GTS Securities LLC's holdings in Vital Energy were worth $273,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Vital Energy by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company's stock valued at $503,000 after buying an additional 535 shares in the last quarter. US Bancorp DE increased its holdings in Vital Energy by 9.1% in the 4th quarter. US Bancorp DE now owns 6,971 shares of the company's stock worth $216,000 after purchasing an additional 581 shares in the last quarter. Comerica Bank raised its holdings in Vital Energy by 6.1% in the 4th quarter. Comerica Bank now owns 12,796 shares of the company's stock valued at $396,000 after buying an additional 730 shares during the last quarter. Nisa Investment Advisors LLC grew its stake 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 worth $34,000 after purchasing an additional 803 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake 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 valued at $28,000 after buying an additional 814 shares during the period. 86.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Richard D. Campbell purchased 5,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $17.75 per share, with a total value of $88,750.00. Following the purchase, the insider now directly owns 43,072 shares in the company, valued at approximately $764,528. This represents a 13.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO M. Jason Pigott acquired 5,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average cost of $18.09 per share, for a total transaction of $99,495.00. Following the completion of the acquisition, the chief executive officer now owns 251,533 shares in the company, valued at $4,550,231.97. This represents a 2.24% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 21,647 shares of company stock valued at $448,742. Company insiders own 1.50% of the company's stock.

Vital Energy Stock Up 12.8%

Shares of VTLE traded up $1.95 during trading hours on Tuesday, reaching $17.23. 2,060,503 shares of the stock traded hands, compared to its average volume of 1,093,957. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $47.80. The company has a market cap of $667.97 million, a price-to-earnings ratio of -3.63 and a beta of 1.53. The stock has a fifty day simple moving average of $15.62 and a 200 day simple moving average of $24.98. 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 posted its earnings results on Monday, May 12th. The company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.11 by $0.26. The firm had revenue of $512.18 million for the quarter, compared to analysts' expectations of $528.76 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.84 EPS. On average, equities analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VTLE shares. JPMorgan Chase & Co. dropped their target price on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Mizuho dropped their price objective on Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company cut their target price on Vital Energy from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. 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. Finally, Siebert Williams Shank cut Vital Energy from a "buy" rating to a "hold" rating and cut their price target for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.36.

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.