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

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) major shareholder Richard D. Campbell sold 50,000 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $18.12, for a total value of $906,000.00. Following the completion of the sale, the insider owned 7,568,933 shares in the company, valued at $137,149,065.96. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Vital Energy Trading Down 5.5%

Shares of NYSE VTLE traded down $1.03 during midday trading on Monday, hitting $17.89. The company's stock had a trading volume of 1,198,674 shares, compared to its average volume of 1,134,462. 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 business's 50 day moving average is $17.17 and its two-hundred day moving average is $22.49. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $47.80. The firm has a market cap of $693.48 million, a P/E ratio of -5.29 and a beta of 1.60.

Vital Energy (NYSE:VTLE - Get Free Report) last released 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $1.84 EPS. As a group, equities research analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VTLE. Sterling Capital Management LLC boosted its position in Vital Energy by 805.9% during the 4th quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock valued at $28,000 after acquiring an additional 814 shares in the last quarter. Quarry LP bought a new stake in Vital Energy during the 4th quarter valued at $37,000. Parallel Advisors LLC boosted its position in 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 in the last quarter. BNP Paribas Financial Markets bought a new stake in Vital Energy during the 4th quarter valued at $123,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Vital Energy during the 4th quarter valued at $124,000. 86.54% of the stock is currently owned by hedge funds and other 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.