Edgestream Partners L.P. Acquires New Position in Vital Energy, Inc. (NYSE:VTLE)

Edgestream Partners L.P. bought a new position in shares of Vital Energy, Inc. (NYSE:VTLE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 94,822 shares of the company’s stock, valued at approximately $4,250,000.

Several other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Vital Energy by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after purchasing an additional 282,574 shares during the period. Qsemble Capital Management LP purchased a new stake in Vital Energy in the 2nd quarter worth $442,000. SIR Capital Management L.P. purchased a new stake in Vital Energy in the 2nd quarter worth $3,532,000. Arizona State Retirement System lifted its position in shares of Vital Energy by 5.4% in the second quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock valued at $299,000 after acquiring an additional 342 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Vital Energy by 800.9% in the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after acquiring an additional 481,248 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Vital Energy Trading Up 5.4 %

VTLE opened at $29.42 on Wednesday. Vital Energy, Inc. has a 12 month low of $26.02 and a 12 month high of $58.30. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $37.57 and a 200 day moving average of $45.31. The firm has a market cap of $1.08 billion, a P/E ratio of 1.22 and a beta of 3.17.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.42). The company had revenue of $476.37 million for the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The business’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.35 EPS. As a group, research analysts forecast that Vital Energy, Inc. will post 6.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VTLE. Mizuho decreased their target price on Vital Energy from $55.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. Truist Financial cut their target price on shares of Vital Energy from $69.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company decreased their price target on shares of Vital Energy from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, July 22nd. Finally, KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Vital Energy presently has a consensus rating of “Hold” and an average target price of $52.45.

Insider Activity

In other news, CEO M. Jason Pigott purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $37.85 per share, with a total value of $94,625.00. Following the purchase, the chief executive officer now owns 169,389 shares in the company, valued at $6,411,373.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

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.