Woodline Partners LP Has $25.06 Million Holdings in Vital Energy, Inc. $VTLE

Key Points

• Woodline Partners LP has reduced its stake in Vital Energy by 7.3%, now owning approximately 3.05% of the company, valued at around $25 million.
• Major shareholder Richard D. Campbell sold 250,000 shares for $4.56 million, representing a 3.18% decrease in his stake.
• Analysts have recently downgraded Vital Energy's stock rating, with Wall Street Zen lowering it from a "hold" to a "sell" rating, contributing to a consensus rating of "Reduce".

Woodline Partners LP lowered its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 7.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,181,166 shares of the company's stock after selling 92,845 shares during the quarter. Woodline Partners LP owned about 3.05% of Vital Energy worth $25,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VTLE. Price T Rowe Associates Inc. MD raised its stake in shares of Vital Energy by 13.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,014 shares of the company's stock worth $465,000 after buying an additional 1,732 shares during the last quarter. Northern Trust Corp grew its holdings in Vital Energy by 14.5% during the fourth quarter. Northern Trust Corp now owns 304,345 shares of the company's stock valued at $9,410,000 after purchasing an additional 38,537 shares during the period. Comerica Bank grew its holdings in Vital Energy by 6.1% during the fourth quarter. Comerica Bank now owns 12,796 shares of the company's stock valued at $396,000 after purchasing an additional 730 shares during the period. Ameriprise Financial Inc. grew its holdings in Vital Energy by 19.1% during the fourth quarter. Ameriprise Financial Inc. now owns 123,148 shares of the company's stock valued at $3,808,000 after purchasing an additional 19,753 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in Vital Energy during the fourth quarter valued at approximately $123,000. Institutional investors own 86.54% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Richard D. Campbell sold 50,000 shares of Vital Energy stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $18.12, for a total transaction of $906,000.00. Following the sale, the insider directly owned 7,568,933 shares in the company, valued at $137,149,065.96. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Vital Energy Price Performance

Shares of Vital Energy stock traded down $0.28 during midday trading on Monday, hitting $16.13. 189,365 shares of the company traded hands, compared to its average volume of 1,351,244. The firm's fifty day moving average price is $16.92 and its 200-day moving average price is $17.43. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $36.72. The stock has a market cap of $624.23 million, a price-to-earnings ratio of -0.82 and a beta of 1.62.

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, topping the consensus estimate of $1.98 by $0.04. Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The business had revenue of $429.63 million for the quarter, compared to the consensus estimate of $481.25 million. During the same period last year, the company earned $1.46 EPS. The firm's revenue was down 9.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VTLE shares. Mizuho lowered their price objective on shares of Vital Energy from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Monday. Piper Sandler lowered their target price on Vital Energy from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Raymond James Financial lowered shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. Wall Street Zen cut shares of Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Wells Fargo & Company reaffirmed a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $27.80.

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.