Vital Energy, Inc. (NYSE:VTLE) EVP Sells $123,841.02 in Stock

Vital Energy, Inc. (NYSE:VTLE) EVP Mark David Denny sold 5,974 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $123,841.02. Following the sale, the executive vice president now directly owns 42,494 shares of the company’s stock, valued at $880,900.62. The trade was a 12.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Vital Energy Stock Down 7.5 %

VTLE stock opened at $19.98 on Friday. 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, Inc. has a one year low of $19.97 and a one year high of $58.30. The stock has a market capitalization of $761.58 million, a PE ratio of -4.21 and a beta of 3.07. The company has a fifty day moving average of $30.93 and a 200-day moving average of $30.27.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate 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. As a group, analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Vital Energy by 1,878.3% during the 3rd quarter. US Bancorp DE now owns 6,390 shares of the company’s stock valued at $172,000 after buying an additional 6,067 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Vital Energy by 0.9% in the 3rd quarter. Principal Financial Group Inc. now owns 127,271 shares of the company’s stock worth $3,424,000 after purchasing an additional 1,089 shares during the last quarter. Versor Investments LP boosted its position in shares of Vital Energy by 2.8% during the third quarter. Versor Investments LP now owns 14,900 shares of the company’s stock worth $401,000 after buying an additional 400 shares during the period. Entropy Technologies LP increased its stake in shares of Vital Energy by 34.7% during the third quarter. Entropy Technologies LP now owns 22,518 shares of the company’s stock valued at $606,000 after acquiring an additional 5,801 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of Vital Energy by 153.9% in the 3rd quarter. GSA Capital Partners LLP now owns 43,037 shares of the company’s stock worth $1,158,000 after purchasing an additional 26,089 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VTLE shares. Wells Fargo & Company upped their price objective on shares of Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Raymond James reduced their price objective on Vital Energy from $44.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday. Truist Financial dropped their target price on Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a report on Friday, February 21st. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vital Energy currently has a consensus rating of “Hold” and a consensus target price of $40.46.

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.