Bank of New York Mellon Corp Sells 51,155 Shares of Vital Energy, Inc. (NYSE:VTLE)

Bank of New York Mellon Corp trimmed its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 22.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 179,975 shares of the company's stock after selling 51,155 shares during the period. Bank of New York Mellon Corp owned about 0.47% of Vital Energy worth $5,565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VTLE. The Manufacturers Life Insurance Company lifted its holdings in Vital Energy by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company's stock worth $390,000 after acquiring an additional 503 shares during the period. ClearAlpha Technologies LP grew its position in Vital Energy by 5.1% during the third quarter. ClearAlpha Technologies LP now owns 13,250 shares of the company's stock valued at $356,000 after buying an additional 644 shares during the period. Franklin Resources Inc. raised its position in Vital Energy by 6.4% in the third quarter. Franklin Resources Inc. now owns 12,662 shares of the company's stock worth $363,000 after acquiring an additional 758 shares during the period. Nisa Investment Advisors LLC boosted its stake in Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock valued at $34,000 after acquiring an additional 803 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its position in shares of Vital Energy by 4.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 21,641 shares of the company's stock valued at $582,000 after acquiring an additional 951 shares during the period. Hedge funds and other institutional investors own 86.54% of the company's stock.

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Insider Buying and Selling

In other news, COO Kathryn Anne Hill sold 5,673 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the sale, the chief operating officer now owns 46,413 shares of the company's stock, valued at approximately $962,141.49. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the transaction, the chief financial officer now owns 97,556 shares in the company, valued at approximately $2,022,335.88. The trade was a 9.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,647 shares of company stock worth $448,742. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

VTLE has been the topic of several research analyst reports. Citigroup downgraded Vital Energy to a "reduce" rating in a research note on Wednesday, March 5th. Piper Sandler decreased their price objective on Vital Energy from $32.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Truist Financial dropped their price objective on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. reduced their target price on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Finally, Siebert Williams Shank cut shares of Vital Energy from a "buy" rating to a "hold" rating and dropped their price target for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.46.

Vital Energy Price Performance

Shares of VTLE traded up $0.58 during trading hours on Thursday, reaching $22.81. 1,080,393 shares of the company's stock traded hands, compared to its average volume of 948,953. Vital Energy, Inc. has a 12 month low of $19.85 and a 12 month high of $58.30. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91. The stock has a market cap of $869.43 million, a PE ratio of -4.82 and a beta of 3.07. The firm's 50 day simple moving average is $29.98 and its 200-day simple moving average is $29.81.

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