Voya Investment Management LLC Has $825,000 Holdings in Vital Energy, Inc. $VTLE

Key Points

• Voya Investment Management LLC significantly increased its stake in Vital Energy, Inc. by 361.1% in the first quarter, now holding $825,000 worth of shares.
• Analysts have varied opinions on Vital Energy, with ratings ranging from a Strong Buy to Sell, and an average target price of $27.80.
• Despite reporting a quarterly EPS of $2.02, Vital Energy's revenue fell by 9.8% year-over-year, highlighting ongoing challenges in its financial performance.

Voya Investment Management LLC grew its stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 361.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,861 shares of the company's stock after buying an additional 30,433 shares during the quarter. Voya Investment Management LLC owned 0.10% of Vital Energy worth $825,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in Vital Energy during the fourth quarter worth $123,000. Caption Management LLC bought a new position in Vital Energy in the 1st quarter valued at about $149,000. Picton Mahoney Asset Management bought a new position in Vital Energy in the 1st quarter valued at about $225,000. ProShare Advisors LLC acquired a new stake in shares of Vital Energy in the 4th quarter valued at approximately $266,000. Finally, FORA Capital LLC acquired a new stake in shares of Vital Energy in the 1st quarter valued at approximately $282,000. Institutional investors own 86.54% of the company's stock.

Analyst Ratings Changes

VTLE has been the subject of a number of research reports. Zacks Research upgraded shares of Vital Energy from a "hold" rating to a "strong-buy" rating in a report on Monday. Mizuho reduced their price target 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, September 15th. Wall Street Zen downgraded shares of Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Piper Sandler lowered their price objective on Vital Energy from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Thursday, August 14th. Finally, Raymond James Financial cut Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Vital Energy currently has an average rating of "Reduce" and an average target price of $27.80.

Vital Energy Price Performance

Shares of Vital Energy stock opened at $18.39 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.10. The company has a market cap of $711.81 million, a PE ratio of -0.93 and a beta of 1.62. The business has a 50 day moving average of $16.74 and a 200 day moving average of $17.15. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $36.72.

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

Insider Activity at Vital Energy

In related news, major shareholder Richard D. Campbell sold 50,000 shares of the stock in a transaction on Thursday, July 10th. The stock was 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 of the company's stock, valued at $137,149,065.96. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

About Vital Energy

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.

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