Freestone Grove Partners LP Purchases Shares of 517,304 Vital Energy, Inc. (NYSE:VTLE)

Freestone Grove Partners LP purchased a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 517,304 shares of the company's stock, valued at approximately $15,995,000. Freestone Grove Partners LP owned about 1.36% of Vital Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VTLE. Barclays PLC increased its holdings in shares of Vital Energy by 124.0% in the 3rd quarter. Barclays PLC now owns 338,675 shares of the company's stock valued at $9,110,000 after purchasing an additional 187,503 shares in the last quarter. Tributary Capital Management LLC boosted its position in Vital Energy by 45.0% during the fourth quarter. Tributary Capital Management LLC now owns 428,295 shares of the company's stock worth $13,243,000 after acquiring an additional 132,924 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Vital Energy in the 4th quarter worth about $4,022,000. Charles Schwab Investment Management Inc. boosted its position in shares of Vital Energy by 25.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock worth $15,611,000 after acquiring an additional 103,583 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Vital Energy by 36.9% in the 4th quarter. First Trust Advisors LP now owns 315,251 shares of the company's stock valued at $9,748,000 after purchasing an additional 84,933 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Richard D. Campbell bought 5,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of $17.75 per share, with a total value of $88,750.00. Following the transaction, the insider now directly owns 43,072 shares in the company, valued at approximately $764,528. This trade represents a 13.13 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark David Denny sold 5,974 shares of Vital Energy stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $123,841.02. Following the sale, the executive vice president now owns 42,494 shares of the company's stock, valued at approximately $880,900.62. This represents a 12.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,647 shares of company stock worth $448,742 in the last ninety days. Corporate insiders own 1.50% of the company's stock.

Vital Energy Stock Performance

VTLE stock traded up $0.01 during midday trading on Wednesday, reaching $13.87. The company had a trading volume of 245,091 shares, compared to its average volume of 1,059,882. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average price of $18.12 and a 200 day moving average price of $26.75. The firm has a market capitalization of $536.80 million, a PE ratio of -2.94 and a beta of 1.53. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $54.54.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.27. The company had revenue of $534.37 million for the quarter, compared to analysts' expectations of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Analyst Ratings Changes

VTLE has been the subject of several recent research reports. Williams Trading set a $27.00 price objective on shares of Vital Energy in a research report on Wednesday, March 5th. Truist Financial decreased their target price on Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Wells Fargo & Company reduced their price target on Vital Energy from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. JPMorgan Chase & Co. lowered their price objective on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a research report on Thursday, March 13th. Finally, Citigroup cut shares of Vital Energy to a "reduce" rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $32.36.

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.