Vital Energy, Inc. (NYSE:VTLE) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,101 shares of the company's stock after buying an additional 33,700 shares during the period. First Eagle Investment Management LLC owned 0.63% of Vital Energy worth $7,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VTLE. State Street Corp raised its position in shares of Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company's stock valued at $47,214,000 after buying an additional 220,871 shares during the last quarter. Barclays PLC raised its position in shares of Vital Energy by 124.0% during the third quarter. Barclays PLC now owns 338,675 shares of the company's stock valued at $9,110,000 after buying an additional 187,503 shares during the last quarter. Tributary Capital Management LLC increased its position in Vital Energy by 45.0% in the fourth quarter. Tributary Capital Management LLC now owns 428,295 shares of the company's stock worth $13,243,000 after purchasing an additional 132,924 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Vital Energy in the fourth quarter worth $4,022,000. Finally, Charles Schwab Investment Management Inc. increased its position in Vital Energy by 25.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock worth $15,611,000 after purchasing an additional 103,583 shares during the last quarter. Institutional investors own 86.54% of the company's stock.

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Insiders Place Their Bets

In other news, COO Kathryn Anne Hill sold 5,673 shares of the company'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 $117,601.29. Following the transaction, the chief operating officer now owns 46,413 shares in the company, valued at $962,141.49. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of the company'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 $207,300.00. Following the transaction, the chief financial officer now owns 97,556 shares in the company, valued at approximately $2,022,335.88. This trade represents a 9.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,647 shares of company stock worth $448,742. 1.20% of the stock is owned by corporate insiders.

Vital Energy Stock Up 2.6 %

Vital Energy stock traded up $0.59 during trading hours on Thursday, reaching $22.82. The stock had a trading volume of 1,539,584 shares, compared to its average volume of 950,315. The company has a market cap of $869.73 million, a price-to-earnings ratio of -4.80 and a beta of 3.07. 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 business's 50 day moving average price is $29.98 and its 200-day moving average price is $29.81. Vital Energy, Inc. has a 52 week low of $19.85 and a 52 week high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping analysts' consensus estimates 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%. Sell-side analysts anticipate that Vital Energy, Inc. will post 8.49 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho boosted their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company lifted their price objective on shares of Vital Energy from $34.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 15th. Williams Trading set a $27.00 price objective on shares of Vital Energy in a research note on Wednesday, March 5th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $40.46.

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.