Oberweis Asset Management Inc. Boosts Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Oberweis Asset Management Inc. increased its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 48.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,700 shares of the company's stock after buying an additional 54,800 shares during the quarter. Oberweis Asset Management Inc. owned 0.44% of Vital Energy worth $5,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in Vital Energy in the 4th quarter valued at approximately $211,000. Kerrisdale Advisers LLC bought a new position in Vital Energy during the 4th quarter worth $204,000. Price T Rowe Associates Inc. MD lifted its holdings in Vital Energy by 13.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,014 shares of the company's stock worth $465,000 after buying an additional 1,732 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Vital Energy by 22.6% during the fourth quarter. OneDigital Investment Advisors LLC now owns 21,051 shares of the company's stock worth $651,000 after acquiring an additional 3,874 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Vital Energy by 130.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,377 shares of the company's stock worth $414,000 after acquiring an additional 7,566 shares during the period. Institutional investors own 86.54% of the company's stock.

Insiders Place Their Bets

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $207,300.00. Following the transaction, the chief financial officer now owns 97,556 shares of the company's stock, valued at approximately $2,022,335.88. The trade was a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Richard D. Campbell bought 5,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of $17.75 per share, with a total value of $88,750.00. Following the completion of the transaction, the insider now owns 43,072 shares in the company, valued at approximately $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. 1.20% of the stock is currently owned by insiders.

Vital Energy Stock Down 6.7 %

Shares of VTLE traded down $1.05 on Wednesday, reaching $14.56. The company's stock had a trading volume of 373,903 shares, compared to its average volume of 1,047,204. The stock has a market capitalization of $563.50 million, a PE ratio of -3.07 and a beta of 2.82. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91. Vital Energy, Inc. has a twelve month low of $12.30 and a twelve month high of $55.52. The firm has a fifty day moving average of $19.48 and a 200-day moving average of $27.20.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VTLE. Siebert Williams Shank downgraded shares of Vital Energy from a "buy" rating to a "hold" rating and decreased their target price for the company from $62.00 to $27.00 in a research report on Wednesday, March 5th. Williams Trading set a $27.00 price target on shares of Vital Energy in a research report on Wednesday, March 5th. Truist Financial cut their target price on Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. dropped their price target on Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Finally, Wells Fargo & Company cut their target price on shares of Vital Energy from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Vital Energy presently has an average rating of "Hold" and an average target price of $32.36.

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.