Geode Capital Management LLC Acquires 17,782 Shares of Vital Energy, Inc. (NYSE:VTLE)

Geode Capital Management LLC boosted its stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 2.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 633,017 shares of the company's stock after buying an additional 17,782 shares during the period. Geode Capital Management LLC owned approximately 1.66% of Vital Energy worth $17,031,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VTLE. First Horizon Advisors Inc. acquired a new stake in Vital Energy in the 3rd quarter worth about $26,000. International Assets Investment Management LLC raised its position in shares of Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company's stock valued at $54,000 after buying an additional 1,943 shares in the last quarter. Signaturefd LLC raised its position in shares of Vital Energy by 234.2% in the third quarter. Signaturefd LLC now owns 2,326 shares of the company's stock valued at $63,000 after buying an additional 1,630 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Vital Energy by 100.0% in the second quarter. nVerses Capital LLC now owns 1,800 shares of the company's stock valued at $81,000 after buying an additional 900 shares during the period. Finally, US Bancorp DE grew its position in Vital Energy by 1,878.3% during the third quarter. US Bancorp DE now owns 6,390 shares of the company's stock worth $172,000 after buying an additional 6,067 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Kathryn Anne Hill sold 2,023 shares of the business's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $61,135.06. Following the completion of the sale, the chief operating officer now directly owns 29,091 shares of the company's stock, valued at $879,130.02. The trade was a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark David Denny sold 5,145 shares of Vital Energy stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $155,481.90. Following the transaction, the executive vice president now owns 26,358 shares of the company's stock, valued at $796,538.76. This trade represents a 16.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,168 shares of company stock worth $502,017. Corporate insiders own 1.20% of the company's stock.

Vital Energy Trading Up 0.7 %

VTLE stock traded up $0.22 during midday trading on Monday, hitting $29.61. The stock had a trading volume of 825,358 shares, compared to its average volume of 898,626. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.13 billion, a P/E ratio of 2.07 and a beta of 3.19. The business has a fifty day moving average price of $29.92 and a two-hundred day moving average price of $34.27. Vital Energy, Inc. has a 1-year low of $25.85 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analysts' expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $5.16 EPS. On average, sell-side analysts predict that Vital Energy, Inc. will post 6.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Vital Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. BMO Capital Markets reduced their price target on shares of Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective 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 cut their target price on Vital Energy from $35.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Finally, Mizuho decreased their price target on Vital Energy from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $46.00.

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.