Rhumbline Advisers Has $3.80 Million Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Rhumbline Advisers grew its position in Vital Energy, Inc. (NYSE:VTLE) by 10.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,754 shares of the company’s stock after buying an additional 8,143 shares during the quarter. Rhumbline Advisers owned approximately 0.23% of Vital Energy worth $3,799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its position in shares of Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares in the last quarter. Quadrant Capital Group LLC raised its position in Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares in the last quarter. GAMMA Investing LLC raised its position in Vital Energy by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after acquiring an additional 297 shares in the last quarter. nVerses Capital LLC raised its position in Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after acquiring an additional 900 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Vital Energy during the second quarter valued at approximately $147,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Mizuho cut their price objective on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday. Truist Financial reduced their price objective 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 reduced their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a research report on Thursday, September 12th. Finally, Wolfe Research began coverage on shares of Vital Energy in a research report on Thursday, July 18th. They set an “underperform” rating and a $50.00 target price on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.45.

Vital Energy Stock Up 5.7 %

Shares of VTLE stock opened at $27.93 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.51. The firm’s 50-day moving average is $37.85 and its 200-day moving average is $45.47. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 1.16 and a beta of 3.17. Vital Energy, Inc. has a 52-week low of $26.02 and a 52-week high of $58.30.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The company had revenue of $476.37 million during the quarter, compared to analyst estimates of $468.76 million. During the same quarter last year, the company posted $4.35 EPS. The firm’s quarterly revenue was up 42.2% on a year-over-year basis. Sell-side analysts predict that Vital Energy, Inc. will post 6.27 EPS for the current year.

Insider Transactions at Vital Energy

In other news, CEO M. Jason Pigott purchased 2,500 shares of the business’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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by 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.