Jump Financial LLC Purchases Shares of 63,249 Vital Energy, Inc. (NYSE:VTLE)

Jump Financial LLC bought a new stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 63,249 shares of the company's stock, valued at approximately $2,877,000. Jump Financial LLC owned approximately 0.22% of Vital Energy at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Smith Graham & Co. Investment Advisors LP boosted its holdings in Vital Energy by 62.4% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 180,641 shares of the company's stock worth $8,217,000 after acquiring an additional 69,398 shares in the last quarter. Raymond James & Associates purchased a new stake in Vital Energy during the 4th quarter valued at about $2,432,000. Fisher Asset Management LLC increased its stake in Vital Energy by 55.4% during the 4th quarter. Fisher Asset Management LLC now owns 52,352 shares of the company's stock valued at $2,381,000 after purchasing an additional 18,665 shares in the last quarter. Moody National Bank Trust Division raised its holdings in Vital Energy by 250.0% in the fourth quarter. Moody National Bank Trust Division now owns 35,000 shares of the company's stock worth $1,592,000 after buying an additional 25,000 shares during the last quarter. Finally, UBS Group AG raised its holdings in Vital Energy by 12.8% in the third quarter. UBS Group AG now owns 147,082 shares of the company's stock worth $8,151,000 after buying an additional 16,671 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on VTLE. Mizuho raised their price target on shares of Vital Energy from $55.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday. Raymond James lifted their target price on Vital Energy from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. upped their price target on Vital Energy from $48.00 to $51.00 and gave the company an "underweight" rating in a report on Thursday, April 11th. Truist Financial lowered their target price on shares of Vital Energy from $86.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, April 5th. Finally, KeyCorp boosted their price objective on shares of Vital Energy from $55.00 to $63.00 and gave the company an "overweight" rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Vital Energy has an average rating of "Hold" and a consensus target price of $59.80.

Vital Energy Stock Performance

VTLE stock traded down $0.70 during midday trading on Monday, reaching $48.37. 818,969 shares of the company's stock traded hands, compared to its average volume of 744,076. The stock's 50-day moving average is $52.70 and its 200 day moving average is $47.91. The stock has a market cap of $1.77 billion, a P/E ratio of 2.00 and a beta of 3.23. Vital Energy, Inc. has a 52-week low of $40.00 and a 52-week high of $62.87. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.75.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. The company had revenue of $444.52 million for the quarter, compared to analysts' expectations of $440.85 million. During the same period last year, the firm earned $3.49 EPS. Vital Energy's revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, analysts anticipate that Vital Energy, Inc. will post 9.13 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.