Woodline Partners LP Takes Position in Vital Energy, Inc. (NYSE:VTLE)

Woodline Partners LP acquired a new position in Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,274,011 shares of the company's stock, valued at approximately $39,392,000. Woodline Partners LP owned approximately 3.34% of Vital Energy as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Westwood Holdings Group Inc. raised its stake in shares of Vital Energy by 5.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company's stock valued at $68,466,000 after purchasing an additional 118,367 shares during the period. Vanguard Group Inc. increased its stake in Vital Energy by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company's stock worth $65,442,000 after buying an additional 62,771 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Vital Energy by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company's stock worth $43,157,000 after buying an additional 9,676 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Vital Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 637,869 shares of the company's stock worth $19,727,000 after buying an additional 4,852 shares in the last quarter. Finally, Condire Management LP purchased a new position in Vital Energy in the 4th quarter valued at about $19,066,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Vital Energy Stock Performance

VTLE traded up $0.14 on Monday, hitting $15.23. 1,093,023 shares of the company's stock were exchanged, compared to its average volume of 1,091,398. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91. The stock has a fifty day moving average of $16.59 and a two-hundred day moving average of $25.69. Vital Energy, Inc. has a twelve month low of $12.30 and a twelve month high of $49.20. The firm has a market cap of $590.28 million, a PE ratio of -3.21 and a beta of 1.53.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.11 by $0.26. The business had revenue of $512.18 million for the quarter, compared to analysts' expectations of $528.76 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. On average, research analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vital Energy news, EVP Mark David Denny sold 5,974 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $123,841.02. Following the completion of the transaction, the executive vice president now directly owns 42,494 shares of the company's stock, valued at $880,900.62. The trade was a 12.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO M. Jason Pigott purchased 5,500 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was purchased at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the purchase, the chief executive officer now directly owns 251,533 shares of the company's stock, valued at $4,550,231.97. This trade represents a 2.24% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 21,647 shares of company stock valued at $448,742 over the last three months. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Williams Trading set a $27.00 price target on Vital Energy in a research note on Wednesday, March 5th. Citigroup cut shares of Vital Energy to a "reduce" rating in a report on Wednesday, March 5th. Truist Financial decreased their price objective on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a report on Friday, February 21st. Bank of America dropped their target price on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a research report on Tuesday, April 1st. Finally, Mizuho cut their target price on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $30.36.

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.