Empowered Funds LLC Has $5.97 Million Position in Vital Energy, Inc. (NYSE:VTLE)

Empowered Funds LLC increased its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,921 shares of the company's stock after acquiring an additional 9,320 shares during the period. Empowered Funds LLC owned approximately 0.51% of Vital Energy worth $5,965,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VTLE. The Manufacturers Life Insurance Company increased its holdings in shares of Vital Energy by 16.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,987 shares of the company's stock worth $627,000 after acquiring an additional 1,959 shares during the period. Cetera Investment Advisers increased its holdings in shares of Vital Energy by 1.7% in the 2nd quarter. Cetera Investment Advisers now owns 32,288 shares of the company's stock worth $1,447,000 after acquiring an additional 527 shares during the period. Creative Planning increased its holdings in shares of Vital Energy by 454.6% in the 3rd quarter. Creative Planning now owns 29,560 shares of the company's stock worth $795,000 after acquiring an additional 24,230 shares during the period. nVerses Capital LLC increased its holdings in shares of Vital Energy by 94.4% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company's stock worth $94,000 after acquiring an additional 1,700 shares during the period. Finally, Raymond James & Associates increased its holdings in shares of Vital Energy by 96.8% in the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company's stock worth $3,905,000 after acquiring an additional 71,385 shares during the period. Institutional investors and hedge funds own 86.54% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on VTLE. JPMorgan Chase & Co. raised their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Piper Sandler raised their target price on shares of Vital Energy from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Vital Energy from $34.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. Truist Financial raised their target price on shares of Vital Energy from $48.00 to $49.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Mizuho raised their target price on shares of Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.90.

Vital Energy Price Performance

Shares of VTLE traded up $0.59 during mid-day trading on Friday, hitting $34.40. The company's stock had a trading volume of 753,097 shares, compared to its average volume of 743,660. The firm has a 50-day moving average price of $32.42 and a 200 day moving average price of $31.84. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 2.41 and a beta of 3.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. Vital Energy, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $58.30.

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.