Balyasny Asset Management L.P. Decreases Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Balyasny Asset Management L.P. trimmed its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 73.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,670 shares of the company's stock after selling 669,191 shares during the period. Balyasny Asset Management L.P. owned approximately 0.65% of Vital Energy worth $7,627,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Freestone Grove Partners LP purchased a new stake in shares of Vital Energy during the fourth quarter worth about $15,995,000. Barclays PLC grew its position in Vital Energy by 124.0% in the 3rd quarter. Barclays PLC now owns 338,675 shares of the company's stock worth $9,110,000 after purchasing an additional 187,503 shares during the period. Tributary Capital Management LLC grew its position in shares of Vital Energy by 45.0% during the 4th quarter. Tributary Capital Management LLC now owns 428,295 shares of the company's stock valued at $13,243,000 after acquiring an additional 132,924 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Vital Energy during the 4th quarter valued at $4,022,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Vital Energy by 25.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock valued at $15,611,000 after buying an additional 103,583 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Vital Energy Stock Performance

Shares of NYSE:VTLE traded down $1.44 on Thursday, hitting $16.64. The company had a trading volume of 910,571 shares, compared to its average volume of 1,077,530. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average price of $17.35 and a 200 day moving average price of $26.29. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $51.71. The stock has a market cap of $643.85 million, a price-to-earnings ratio of -3.50 and a beta of 1.53.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.26. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The business had revenue of $512.18 million during the quarter, compared to analyst estimates of $528.76 million. During the same quarter last year, the business earned $1.84 EPS. The firm's quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Bryan Lemmerman sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the transaction, the chief financial officer now owns 97,556 shares in the company, valued at $2,022,335.88. This represents a 9.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Richard D. Campbell acquired 5,000 shares of the company's 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 completion of the transaction, the insider now directly owns 43,072 shares of the company's stock, valued at $764,528. The trade was a 13.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 21,647 shares of company stock valued at $448,742 in the last three months. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on VTLE. Mizuho reduced their target price on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday. Piper Sandler dropped their target price on shares of Vital Energy from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday. Truist Financial lowered their price target on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Bank of America lowered their target price on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Vital Energy has an average rating of "Hold" and an average target price of $30.36.

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.