9,871 Shares in Vital Energy, Inc. (NYSE:VTLE) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in shares of Vital Energy, Inc. (NYSE:VTLE) in the second quarter, Holdings Channel reports. The firm bought 9,871 shares of the company’s stock, valued at approximately $442,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in Vital Energy by 117.9% during the fourth quarter. Victory Capital Management Inc. now owns 51,106 shares of the company’s stock valued at $2,325,000 after acquiring an additional 27,656 shares during the period. Amalgamated Bank boosted its stake in Vital Energy by 34.6% during the 4th quarter. Amalgamated Bank now owns 8,807 shares of the company’s stock valued at $401,000 after purchasing an additional 2,265 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Vital Energy by 48.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 198,772 shares of the company’s stock valued at $9,042,000 after buying an additional 64,881 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vital Energy by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 801,129 shares of the company’s stock valued at $36,445,000 after buying an additional 71,166 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Vital Energy by 42.8% in the 4th quarter. Principal Financial Group Inc. now owns 128,966 shares of the company’s stock worth $5,867,000 after buying an additional 38,669 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Trading Down 0.0 %

VTLE stock opened at $26.42 on Friday. Vital Energy, Inc. has a 1-year low of $26.02 and a 1-year 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 business’s 50 day moving average is $38.19 and its 200-day moving average is $45.68. The firm has a market cap of $1.01 billion, a P/E ratio of 1.09 and a beta of 3.17.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). The company had revenue of $476.37 million during 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 was up 42.2% on a year-over-year basis. During the same quarter last year, the company earned $4.35 earnings per share. Equities analysts anticipate that Vital Energy, Inc. will post 6.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Vital Energy from $69.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. KeyCorp downgraded shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Wells Fargo & Company reduced their target price on shares of Vital Energy from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Piper Sandler lowered their price target on Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, Bank of America reiterated an “underperform” rating and issued a $46.00 price objective on shares of Vital Energy in a research report on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.00.

Insider Transactions at Vital Energy

In other news, CEO M. Jason Pigott acquired 2,500 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $37.85 per share, with a total value of $94,625.00. Following the completion of the acquisition, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

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.