Vital Energy, Inc. (NYSE:VTLE) Major Shareholder Richard D. Campbell Sells 50,000 Shares

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) major shareholder Richard D. Campbell sold 50,000 shares of Vital Energy stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $18.12, for a total value of $906,000.00. Following the sale, the insider owned 7,568,933 shares in the company, valued at $137,149,065.96. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Vital Energy Price Performance

Shares of NYSE VTLE traded up $0.63 during midday trading on Friday, hitting $18.92. 925,719 shares of the company's stock were exchanged, compared to its average volume of 1,131,774. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $47.80. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.86. The company has a market cap of $733.53 million, a price-to-earnings ratio of -5.60 and a beta of 1.60. The business's fifty day moving average price is $17.17 and its two-hundred day moving average price is $22.59.

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

Institutional Trading of Vital Energy

A number of hedge funds have recently bought and sold shares of VTLE. Sterling Capital Management LLC lifted its position in Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock valued at $28,000 after purchasing an additional 814 shares during the last quarter. Parallel Advisors LLC lifted its position in Vital Energy by 58.7% in the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock valued at $32,000 after purchasing an additional 740 shares during the last quarter. Quarry LP bought a new stake in Vital Energy in the fourth quarter valued at approximately $37,000. BNP Paribas Financial Markets bought a new stake in Vital Energy in the fourth quarter valued at approximately $123,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Vital Energy in the fourth quarter valued at approximately $124,000. Institutional investors own 86.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Raymond James Financial cut Vital Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. Mizuho lowered their price objective on Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler lowered their price objective on Vital Energy from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their price objective on Vital Energy from $24.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Monday, June 16th. Finally, Bank of America lowered their price objective on Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.09.

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.