Vanguard Group Inc. Boosts Stake in Vital Energy, Inc. (NYSE:VTLE)

Vanguard Group Inc. grew its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,319,403 shares of the company's stock after purchasing an additional 114,629 shares during the quarter. Vanguard Group Inc. owned about 4.60% of Vital Energy worth $73,121,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. UBS Group AG increased its holdings in shares of Vital Energy by 12.8% during the 3rd quarter. UBS Group AG now owns 147,082 shares of the company's stock worth $8,151,000 after acquiring an additional 16,671 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Vital Energy during the 3rd quarter worth approximately $1,164,000. Aigen Investment Management LP bought a new stake in Vital Energy in the 3rd quarter valued at $1,529,000. Monashee Investment Management LLC bought a new stake in Vital Energy in the 3rd quarter valued at $3,048,000. Finally, Tudor Investment Corp Et Al bought a new stake in Vital Energy in the 3rd quarter valued at $3,067,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James boosted their price target on Vital Energy from $53.00 to $56.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. Stifel Nicolaus cut their target price on Vital Energy from $86.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, January 23rd. TheStreet downgraded Vital Energy from a "b-" rating to a "c+" rating in a research report on Thursday, December 14th. Truist Financial dropped their price objective on Vital Energy from $86.00 to $77.00 and set a "buy" rating for the company in a research report on Friday. Finally, Piper Sandler upped their price objective on Vital Energy from $50.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Vital Energy presently has an average rating of "Hold" and an average target price of $58.22.

Vital Energy Price Performance

VTLE traded up $2.07 on Friday, reaching $56.78. The stock had a trading volume of 918,068 shares, compared to its average volume of 774,121. Vital Energy, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The firm has a 50-day moving average of $48.44 and a 200-day moving average of $47.73. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 1.73 and a beta of 3.24.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The business had revenue of $444.52 million during the quarter, compared to analysts' expectations of $440.85 million. During the same quarter in the prior year, the firm earned $3.49 EPS. The business's revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vital Energy, Inc. will post 9.67 EPS for the current year.

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.