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Y Intercept Hong Kong Ltd Acquires New Position in Vital Energy, Inc. (NYSE:VTLE)

Vital Energy logo with Energy background

Y Intercept Hong Kong Ltd acquired a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,532 shares of the company's stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Vital Energy by 53.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company's stock worth $311,000 after buying an additional 5,079 shares during the period. Northern Trust Corp grew its holdings in Vital Energy by 14.5% during the 4th quarter. Northern Trust Corp now owns 304,345 shares of the company's stock worth $9,410,000 after acquiring an additional 38,537 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Vital Energy by 3,678.3% in the 1st quarter. GAMMA Investing LLC now owns 30,642 shares of the company's stock valued at $650,000 after purchasing an additional 29,831 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Vital Energy by 19.1% during the 4th quarter. Ameriprise Financial Inc. now owns 123,148 shares of the company's stock worth $3,808,000 after purchasing an additional 19,753 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 62,771 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Insider Buying and Selling at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott bought 5,500 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the completion of the transaction, the chief executive officer owned 251,533 shares in the company, valued at approximately $4,550,231.97. The trade was a 2.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $4,562,500.00. Following the completion of the sale, the insider 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 disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VTLE shares. Wells Fargo & Company reaffirmed a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Piper Sandler reaffirmed a "neutral" rating and issued a $17.00 price target (up from $15.00) on shares of Vital Energy in a report on Thursday, July 17th. Raymond James Financial downgraded shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Finally, Mizuho decreased their price objective on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $28.30.

Get Our Latest Analysis on Vital Energy

Vital Energy Stock Performance

NYSE VTLE traded down $1.77 during trading hours on Friday, hitting $16.92. 1,511,406 shares of the stock were exchanged, compared to its average volume of 1,117,534. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.86. The company has a market cap of $655.99 million, a price-to-earnings ratio of -5.01 and a beta of 1.60. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $41.86. The stock has a 50-day moving average of $17.83 and a 200 day moving average of $21.08.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.11 by $0.26. The firm had revenue of $512.18 million during the quarter, compared to analysts' expectations of $528.76 million. Vital Energy had a negative net margin of 6.37% and a positive return on equity of 10.34%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 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.

Vital Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Vital Energy (NYSE:VTLE)

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