US Bancorp DE Acquires 6,067 Shares of Vital Energy, Inc. (NYSE:VTLE)

US Bancorp DE boosted its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 1,878.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,390 shares of the company’s stock after acquiring an additional 6,067 shares during the quarter. US Bancorp DE’s holdings in Vital Energy were worth $172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in shares of Vital Energy by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after purchasing an additional 324 shares during the last quarter. Arizona State Retirement System boosted its position in Vital Energy by 5.4% in the 2nd quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock valued at $299,000 after buying an additional 342 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Vital Energy by 2.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock valued at $414,000 after buying an additional 409 shares during the period. CWM LLC raised its position in shares of Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after acquiring an additional 465 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Vital Energy by 4.1% during the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $574,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on VTLE shares. Mizuho lowered their price objective on Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company dropped their price target on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 1st. KeyCorp cut shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. Truist Financial dropped their target price on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, BMO Capital Markets reduced their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Vital Energy currently has an average rating of “Hold” and an average price target of $47.83.

Vital Energy Price Performance

VTLE stock opened at $31.16 on Friday. The stock has a 50-day moving average price of $28.38 and a two-hundred day moving average price of $38.34. Vital Energy, Inc. has a 1 year low of $25.85 and a 1 year high of $58.30. The stock has a market cap of $1.19 billion, a PE ratio of 2.18 and a beta of 3.16. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. During the same period last year, the company earned $5.16 earnings per share. Vital Energy’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Vital Energy, Inc. will post 6.91 EPS for the current fiscal year.

Insider Transactions at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the sale, the chief financial officer now owns 77,516 shares of the company’s stock, valued at approximately $2,212,306.64. This represents a 11.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $61,135.06. Following the completion of the transaction, the chief operating officer now directly owns 29,091 shares of the company’s stock, valued at $879,130.02. This represents a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,168 shares of company stock valued at $502,017 over the last 90 days. 1.20% of the stock is owned by corporate insiders.

Vital Energy 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.