Jennison Associates LLC Makes New $750,000 Investment in Vital Energy, Inc. (NYSE:VTLE)

Jennison Associates LLC acquired a new stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,243 shares of the company's stock, valued at approximately $750,000. Jennison Associates LLC owned approximately 0.06% of Vital Energy as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VTLE. Tributary Capital Management LLC acquired a new position in Vital Energy in the 3rd quarter worth about $7,945,000. State Street Corp grew its stake in shares of Vital Energy by 14.4% in the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company's stock valued at $47,214,000 after buying an additional 220,871 shares in the last quarter. Barclays PLC grew its holdings in Vital Energy by 124.0% during the third quarter. Barclays PLC now owns 338,675 shares of the company's stock valued at $9,110,000 after purchasing an additional 187,503 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Vital Energy by 29.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company's stock valued at $10,795,000 after purchasing an additional 90,523 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Vital Energy by 96.8% in the third quarter. Raymond James & Associates now owns 145,167 shares of the company's stock worth $3,905,000 after buying an additional 71,385 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Vital Energy Stock Performance

VTLE traded up $1.78 during trading on Monday, reaching $33.29. 600,457 shares of the company's stock were exchanged, compared to its average volume of 765,191. The company has a market capitalization of $1.27 billion, a P/E ratio of 2.33 and a beta of 3.12. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $32.18 and a 200 day moving average price of $31.94. Vital Energy, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $58.30.

Wall Street Analysts Forecast Growth

VTLE has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Vital Energy from $34.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 15th. Mizuho lifted their price target on Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Truist Financial increased their price objective on Vital Energy from $48.00 to $49.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Wolfe Research raised shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $45.90.

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.