Invesco Ltd. Trims Position in Vital Energy, Inc. (NYSE:VTLE)

Invesco Ltd. lowered its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 385,293 shares of the company's stock after selling 157,166 shares during the quarter. Invesco Ltd. owned 1.01% of Vital Energy worth $11,913,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Vital Energy during the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC grew its position in Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock valued at $34,000 after acquiring an additional 803 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Vital Energy by 247.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company's stock worth $48,000 after acquiring an additional 1,106 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Vital Energy in the 4th quarter valued at $96,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Vital Energy in the 4th quarter worth about $124,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Wall Street Analysts Forecast Growth

VTLE has been the subject of several recent analyst reports. Siebert Williams Shank lowered shares of Vital Energy from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Wolfe Research raised shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Raymond James dropped their target price on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Piper Sandler lowered their price target on shares of Vital Energy from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Citigroup downgraded Vital Energy to a "reduce" rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $32.36.

Vital Energy Trading Up 3.0 %

VTLE traded up $0.46 during midday trading on Friday, hitting $15.80. 728,584 shares of the company were exchanged, compared to its average volume of 1,046,012. The firm's 50 day moving average price is $20.17 and its 200-day moving average price is $27.40. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $55.87. The firm has a market capitalization of $611.49 million, a P/E ratio of -3.33 and a beta of 2.82. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91.

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

Insider Activity at Vital Energy

In related news, major shareholder Richard D. Campbell purchased 5,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the purchase, the insider now owns 43,072 shares of the company's stock, valued at approximately $764,528. This trade represents a 13.13 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $207,300.00. Following the completion of the sale, the chief financial officer now directly owns 97,556 shares of the company's stock, valued at $2,022,335.88. The trade was a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,647 shares of company stock worth $448,742 in the last quarter. Company insiders own 1.20% of the company's stock.

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.