Barclays PLC Raises Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Barclays PLC grew its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 124.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 338,675 shares of the company's stock after buying an additional 187,503 shares during the period. Barclays PLC owned 0.89% of Vital Energy worth $9,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its holdings 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 during the period. Raymond James & Associates increased its stake in Vital Energy by 12.9% in the 2nd quarter. Raymond James & Associates now owns 73,782 shares of the company's stock worth $3,307,000 after acquiring an additional 8,435 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Vital Energy by 4.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company's stock valued at $574,000 after acquiring an additional 500 shares in the last quarter. IMA Advisory Services Inc. purchased a new stake in shares of Vital Energy in the 2nd quarter valued at about $1,110,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Vital Energy by 8.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 243,668 shares of the company's stock valued at $10,921,000 after acquiring an additional 18,950 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vital Energy

In other news, COO Kathryn Anne Hill sold 2,023 shares of Vital Energy stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $61,135.06. Following the sale, the chief operating officer now owns 29,091 shares of the company's stock, valued at approximately $879,130.02. The trade was a 6.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark David Denny sold 5,145 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the transaction, the executive vice president now directly owns 26,358 shares of the company's stock, valued at approximately $796,538.76. The trade was a 16.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,168 shares of company stock worth $502,017. 1.20% of the stock is currently owned by company insiders.

Vital Energy Trading Down 2.1 %

Shares of VTLE stock opened at $29.45 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50-day moving average of $29.81 and a 200 day moving average of $35.17. The stock has a market capitalization of $1.12 billion, a PE ratio of 2.06 and a beta of 3.19. Vital Energy, Inc. has a 1-year low of $25.85 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The company had revenue of $459.23 million for the quarter, compared to the consensus estimate of $461.58 million. During the same period in the previous year, the firm earned $5.16 earnings per share. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Vital Energy, Inc. will post 6.93 earnings per share for the current year.

Analysts Set New Price Targets

VTLE has been the topic of a number of recent analyst reports. Mizuho lowered their target price on shares of Vital Energy from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Monday. BMO Capital Markets lowered their price objective on shares of Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company cut their target price on shares of Vital Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Tuesday. Piper Sandler reduced their target price on Vital Energy from $35.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.00.

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.