CenterBook Partners LP Buys New Stake in Vital Energy, Inc. (NYSE:VTLE)

CenterBook Partners LP bought a new position in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 68,389 shares of the company's stock, valued at approximately $2,115,000. CenterBook Partners LP owned about 0.18% of Vital Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTLE. Nisa Investment Advisors LLC lifted its position in Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock worth $34,000 after buying an additional 803 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Vital Energy in the 4th quarter worth $34,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Vital Energy by 247.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company's stock worth $48,000 after acquiring an additional 1,106 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Vital Energy during the 4th quarter valued at about $96,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Vital Energy in the fourth quarter valued at about $124,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VTLE. Bank of America dropped their price target on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a research note on Tuesday, April 1st. Piper Sandler reduced their target price on Vital Energy from $32.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Mizuho increased their price target on Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Williams Trading set a $27.00 price objective on shares of Vital Energy in a report on Wednesday, March 5th. Finally, Wells Fargo & Company lowered their target price on shares of Vital Energy from $36.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $38.08.

Insiders Place Their Bets

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

Vital Energy Stock Down 1.4 %

Shares of VTLE stock traded down $0.20 during trading on Tuesday, reaching $13.63. The company's stock had a trading volume of 290,622 shares, compared to its average volume of 1,024,889. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $57.45. The stock's 50-day moving average price is $23.50 and its 200 day moving average price is $28.27. The company has a market capitalization of $519.59 million, a price-to-earnings ratio of -2.87 and a beta of 2.82. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. On average, research analysts anticipate 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.