Vital Energy, Inc. (NYSE:VTLE) Major Shareholder Sells $4,562,500.00 in Stock

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) major shareholder Richard D. Campbell sold 250,000 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $18.25, for a total value of $4,562,500.00. Following the transaction, the insider owned 7,618,933 shares of the company's stock, valued at $139,045,527.25. The trade was a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Vital Energy Price Performance

NYSE VTLE traded down $1.03 on Monday, reaching $17.89. 1,198,674 shares of the company's stock traded hands, compared to its average volume of 1,134,462. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $693.48 million, a PE ratio of -5.29 and a beta of 1.60. The stock has a 50-day simple moving average of $17.17 and a 200 day simple moving average of $22.49. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $47.80.

Vital Energy (NYSE:VTLE - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.11 by $0.26. Vital Energy had a positive return on equity of 10.34% and a negative net margin of 6.37%. The company had revenue of $512.18 million during the quarter, compared to analyst estimates of $528.76 million. During the same quarter in the previous year, the company posted $1.84 EPS. Vital Energy's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, research analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Analyst Ratings Changes

VTLE has been the topic of a number of analyst reports. Mizuho lowered their target price on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Piper Sandler lowered their target price on shares of Vital Energy from $23.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Bank of America cut their price objective 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. Raymond James Financial lowered shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company cut their price objective on shares of Vital Energy from $24.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday, June 16th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $30.09.

Institutional Trading of Vital Energy

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock worth $28,000 after acquiring an additional 814 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Vital Energy by 58.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock valued at $32,000 after acquiring an additional 740 shares during the period. Quarry LP bought a new position in shares of Vital Energy during the 4th quarter valued at approximately $37,000. GAMMA Investing LLC grew its stake in shares of Vital Energy by 249.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,044 shares of the company's stock valued at $81,000 after acquiring an additional 3,600 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of Vital Energy during the 4th quarter valued at approximately $123,000. 86.54% of the stock is owned by institutional investors.

Vital Energy Company 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.