Vital Energy, Inc. $VTLE Shares Sold by Warburg Pincus LLC

Key Points

• Warburg Pincus LLC reduced its stake in Vital Energy, Inc. by 18.0%, making it the firm's 6th largest position, valued at approximately $3.18 million.
• Analysts have recently downgraded Vital Energy, with most giving it a "Reduce" rating and a target price of $28.20.
• The company's quarterly earnings surpassed estimates with an EPS of $2.02, but its revenue declined 9.8% year-over-year, totaling $429.63 million.

Warburg Pincus LLC lowered its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 18.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,113 shares of the company's stock after selling 33,045 shares during the period. Vital Energy makes up 0.2% of Warburg Pincus LLC's investment portfolio, making the stock its 6th biggest holding. Warburg Pincus LLC owned about 0.39% of Vital Energy worth $3,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Vital Energy during the 4th quarter valued at approximately $37,000. BNP Paribas Financial Markets purchased a new stake in shares of Vital Energy during the 4th quarter valued at $123,000. Caption Management LLC purchased a new stake in shares of Vital Energy during the 1st quarter valued at $149,000. Integrated Wealth Concepts LLC purchased a new position in Vital Energy in the 4th quarter worth $211,000. Finally, Picton Mahoney Asset Management purchased a new position in Vital Energy in the 1st quarter worth $225,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Vital Energy Price Performance

NYSE VTLE traded down $0.93 on Wednesday, hitting $17.62. The company had a trading volume of 1,504,503 shares, compared to its average volume of 2,142,193. The company's fifty day moving average price is $16.96 and its 200-day moving average price is $18.29. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $681.70 million, a PE ratio of -0.89 and a beta of 1.62. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $36.72.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. The company had revenue of $429.63 million for the quarter, compared to analysts' expectations of $481.25 million. Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. Vital Energy's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 earnings per share. As a group, analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Insider Buying and Selling

In other Vital Energy news, major shareholder Richard D. Campbell sold 250,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $18.25, for a total value of $4,562,500.00. Following the transaction, the insider directly owned 7,618,933 shares in the company, valued at $139,045,527.25. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Raymond James Financial lowered shares of Vital Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Piper Sandler dropped their price objective on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Wells Fargo & Company reissued a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Mizuho reduced their target price on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of Vital Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $28.20.

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.