Stifel Financial Corp Sells 37,979 Shares of Vital Energy, Inc. (NYSE:VTLE)

Stifel Financial Corp trimmed its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 55.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,486 shares of the company's stock after selling 37,979 shares during the quarter. Stifel Financial Corp owned about 0.08% of Vital Energy worth $943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VTLE. OneDigital Investment Advisors LLC boosted its stake in Vital Energy by 22.6% during the 4th quarter. OneDigital Investment Advisors LLC now owns 21,051 shares of the company's stock valued at $651,000 after purchasing an additional 3,874 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Vital Energy by 130.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,377 shares of the company's stock valued at $414,000 after purchasing an additional 7,566 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Vital Energy by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 17,514 shares of the company's stock valued at $542,000 after purchasing an additional 972 shares in the last quarter. MYDA Advisors LLC bought a new position in Vital Energy during the 4th quarter valued at $476,000. Finally, Dimensional Fund Advisors LP boosted its stake in Vital Energy by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company's stock valued at $43,157,000 after purchasing an additional 9,676 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Richard D. Campbell acquired 5,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of $17.75 per share, with a total value of $88,750.00. Following the completion of the acquisition, the insider now owns 43,072 shares of the company's stock, valued at $764,528. This trade represents a 13.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark David Denny sold 5,974 shares of Vital Energy stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $123,841.02. Following the sale, the executive vice president now directly owns 42,494 shares in the company, valued at $880,900.62. The trade was a 12.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,647 shares of company stock valued at $448,742 over the last three months. 1.50% of the stock is owned by corporate insiders.

Vital Energy Stock Performance

Shares of NYSE:VTLE traded up $0.88 during midday trading on Monday, hitting $16.93. The company's stock had a trading volume of 1,945,428 shares, compared to its average volume of 1,070,543. The stock has a market capitalization of $655.03 million, a price-to-earnings ratio of -3.56 and a beta of 1.53. The stock's 50 day simple moving average is $17.46 and its 200 day simple moving average is $26.40. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $51.71. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.29. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.84 EPS. As a group, research analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Analyst Ratings Changes

VTLE has been the subject of several research reports. Mizuho raised their price objective on Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Bank of America cut their price objective on Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a report on Tuesday, April 1st. Williams Trading set a $27.00 price objective on Vital Energy in a report on Wednesday, March 5th. Wells Fargo & Company cut their price objective on Vital Energy from $36.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Finally, Citigroup lowered Vital Energy to a "reduce" rating in a report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $32.36.

Vital Energy 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.