Charles Schwab Investment Management Inc. Has $10.80 Million Position in Vital Energy, Inc. (NYSE:VTLE)

Charles Schwab Investment Management Inc. raised its stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 29.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 401,302 shares of the company's stock after purchasing an additional 90,523 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.05% of Vital Energy worth $10,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Vital Energy by 19.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company's stock valued at $77,227,000 after purchasing an additional 282,574 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Vital Energy during the 2nd quarter valued at about $64,690,000. Victory Capital Management Inc. increased its stake in Vital Energy by 6.5% in the third quarter. Victory Capital Management Inc. now owns 576,470 shares of the company's stock valued at $15,507,000 after acquiring an additional 35,133 shares during the period. Millennium Management LLC raised its position in Vital Energy by 18.0% in the second quarter. Millennium Management LLC now owns 303,275 shares of the company's stock worth $13,593,000 after purchasing an additional 46,248 shares in the last quarter. Finally, Tributary Capital Management LLC acquired a new position in Vital Energy in the third quarter worth about $7,945,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Price Performance

VTLE traded down $0.09 during midday trading on Tuesday, hitting $30.81. The company had a trading volume of 340,887 shares, compared to its average volume of 902,270. Vital Energy, Inc. has a twelve month low of $25.85 and a twelve month high of $58.30. The firm's 50-day simple moving average is $29.66 and its 200-day simple moving average is $35.90. The company has a market capitalization of $1.18 billion, a PE ratio of 2.18 and a beta of 3.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. The firm had revenue of $459.23 million during the quarter, compared to analysts' expectations of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. Vital Energy's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.16 EPS. Equities research analysts predict that Vital Energy, Inc. will post 6.9 EPS for the current fiscal year.

Insider Transactions at Vital Energy

In related news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. This represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark David Denny sold 5,145 shares of Vital Energy stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $155,481.90. Following the sale, the executive vice president now directly owns 26,358 shares of the company's stock, valued at $796,538.76. This represents a 16.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,168 shares of company stock worth $502,017 over the last 90 days. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VTLE. Wells Fargo & Company upped their price objective on Vital Energy from $29.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 19th. Piper Sandler dropped their price objective on Vital Energy from $37.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, November 18th. KeyCorp cut Vital Energy from an "overweight" rating to a "sector weight" rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Finally, Mizuho cut their price target on shares of Vital Energy from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Vital Energy presently has a consensus rating of "Hold" and a consensus target price of $47.00.

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.