Proficio Capital Partners LLC Buys Shares of 25,478 Vital Energy, Inc. (NYSE:VTLE)

Proficio Capital Partners LLC acquired a new stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,478 shares of the company's stock, valued at approximately $788,000. Proficio Capital Partners LLC owned about 0.07% of Vital Energy at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new position in Vital Energy during the third quarter valued at approximately $26,000. Nisa Investment Advisors LLC boosted its stake in shares of Vital Energy by 276.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock valued at $34,000 after purchasing an additional 803 shares in the last quarter. R Squared Ltd bought a new position in shares of Vital Energy during the 4th quarter valued at $34,000. MassMutual Private Wealth & Trust FSB raised its position in Vital Energy by 247.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company's stock worth $48,000 after purchasing an additional 1,106 shares during the period. Finally, US Bancorp DE raised its position in Vital Energy by 1,878.3% in the 3rd quarter. US Bancorp DE now owns 6,390 shares of the company's stock worth $172,000 after purchasing an additional 6,067 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VTLE. 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 report on Wednesday, January 15th. Piper Sandler decreased their price target on Vital Energy from $32.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Mizuho increased their price objective on Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Williams Trading set a $27.00 target price on shares of Vital Energy in a research note on Wednesday, March 5th. Finally, Wolfe Research raised shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.00.

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Vital Energy Stock Up 3.2 %

VTLE traded up $0.66 on Wednesday, hitting $21.58. The company had a trading volume of 823,695 shares, compared to its average volume of 1,041,488. The stock has a fifty day simple moving average of $31.36 and a 200-day simple moving average of $30.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. The firm has a market capitalization of $822.65 million, a P/E ratio of -4.54 and a beta of 3.07. Vital Energy, Inc. has a 52-week low of $20.00 and a 52-week high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.27. The company had revenue of $534.37 million during the quarter, compared to analysts' expectations of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. As a group, equities analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

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.