Vital Energy, Inc. (NYSE:VTLE) Major Shareholder Richard D. Campbell Buys 5,000 Shares

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) major shareholder Richard D. Campbell bought 5,000 shares of Vital Energy stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the acquisition, the insider now owns 43,072 shares in the company, valued at $764,528. The trade was a 13.13 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Vital Energy Stock Up 2.8 %

VTLE stock traded up $0.37 during midday trading on Friday, hitting $13.71. The stock had a trading volume of 1,754,368 shares, compared to its average volume of 1,026,516. The business has a 50-day moving average of $23.88 and a two-hundred day moving average of $28.35. The firm has a market cap of $522.79 million, a price-to-earnings ratio of -2.89 and a beta of 2.82. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. Vital Energy, Inc. has a 52-week low of $12.30 and a 52-week high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. As a group, equities research analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VTLE has been the topic of several analyst reports. Citigroup downgraded shares of Vital Energy to a "reduce" rating in a research note on Wednesday, March 5th. Mizuho upped their price objective on shares of Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Williams Trading set a $27.00 target price on Vital Energy in a research note on Wednesday, March 5th. Piper Sandler lowered their price target on Vital Energy from $32.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Finally, Bank of America cut 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have 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 $38.08.

Institutional Investors Weigh In On Vital Energy

Hedge funds have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. raised its position in shares of Vital Energy by 5.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company's stock worth $68,466,000 after purchasing an additional 118,367 shares during the last quarter. Vanguard Group Inc. increased its stake in Vital Energy by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company's stock valued at $65,442,000 after purchasing an additional 62,771 shares in the last quarter. State Street Corp raised its holdings in Vital Energy by 14.4% in the third quarter. State Street Corp now owns 1,755,173 shares of the company's stock worth $47,214,000 after buying an additional 220,871 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Vital Energy by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company's stock worth $43,157,000 after buying an additional 9,676 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Vital Energy during the fourth quarter valued at approximately $39,392,000. 86.54% of the stock is owned by institutional investors.

About Vital Energy

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.