DRW Securities LLC Purchases Shares of 47,000 Vital Energy, Inc. (NYSE:VTLE)

DRW Securities LLC bought a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 47,000 shares of the company's stock, valued at approximately $1,453,000. DRW Securities LLC owned about 0.12% of Vital Energy at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VTLE. Proficio Capital Partners LLC bought a new position in shares of Vital Energy during the 4th quarter worth about $788,000. Geode Capital Management LLC raised its stake in shares of Vital Energy by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company's stock valued at $17,031,000 after buying an additional 17,782 shares in the last quarter. Jennison Associates LLC bought a new position in Vital Energy during the fourth quarter worth about $750,000. Wolverine Asset Management LLC acquired a new position in Vital Energy during the 4th quarter worth $1,292,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Vital Energy by 25.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock valued at $15,611,000 after purchasing an additional 103,583 shares during the period. Institutional investors own 86.54% of the company's stock.

Vital Energy Stock Performance

VTLE stock traded down $0.20 during midday trading on Tuesday, reaching $13.63. 246,899 shares of the company were exchanged, compared to its average volume of 1,024,691. The business has a 50-day moving average price of $23.50 and a two-hundred day moving average price of $28.27. 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 $519.59 million, a price-to-earnings ratio of -2.87 and a beta of 2.82. Vital Energy, Inc. has a one year low of $12.30 and a one year high of $57.45.

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

Insider Activity

In other news, major shareholder Richard D. Campbell acquired 5,000 shares of Vital Energy stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the completion of the purchase, the insider now directly owns 43,072 shares of the company's stock, valued at approximately $764,528. This represents a 13.13 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark David Denny sold 5,974 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $123,841.02. Following the completion of the transaction, the executive vice president now directly owns 42,494 shares in the company, valued at approximately $880,900.62. This represents a 12.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,647 shares of company stock valued at $448,742. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VTLE shares. Williams Trading set a $27.00 price objective on Vital Energy in a research note on Wednesday, March 5th. Raymond James lowered their target price on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Citigroup lowered shares of Vital Energy to a "reduce" rating in a report on Wednesday, March 5th. Piper Sandler decreased their target price on Vital Energy from $32.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, Truist Financial cut their price objective on Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Three investment 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $38.08.

Vital Energy Company 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.