Vital Energy, Inc. (NYSE:VTLE) EVP Sells $123,841.02 in Stock

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) EVP Mark David Denny sold 5,974 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $123,841.02. Following the completion of the sale, the executive vice president now directly owns 42,494 shares of the company's stock, valued at approximately $880,900.62. The trade was a 12.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Vital Energy Stock Performance

Shares of Vital Energy stock traded up $0.40 on Monday, reaching $21.62. 1,020,265 shares of the stock were exchanged, compared to its average volume of 946,013. The business has a 50 day moving average price of $30.70 and a two-hundred day moving average price of $30.08. The firm has a market capitalization of $824.25 million, a price-to-earnings ratio of -4.55 and a beta of 3.07. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. Vital Energy, Inc. has a twelve month low of $19.85 and a twelve month high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.03 by $0.27. The company had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. Analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

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Analyst Ratings Changes

VTLE has been the subject of a number of recent analyst reports. Siebert Williams Shank cut Vital Energy from a "buy" rating to a "hold" rating and dropped their price objective for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Mizuho upped their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Piper Sandler decreased their price objective on shares of Vital Energy from $32.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Wolfe Research upgraded shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Finally, Williams Trading set a $27.00 price target on shares of Vital Energy in a research note on Wednesday, March 5th. Three investment 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $40.46.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VTLE. Woodline Partners LP purchased a new stake in Vital Energy during the fourth quarter worth $39,392,000. Condire Management LP acquired a new stake in shares of Vital Energy during the 4th quarter valued at about $19,066,000. Freestone Grove Partners LP acquired a new position in Vital Energy in the 4th quarter worth about $15,995,000. State Street Corp boosted its position in Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company's stock worth $47,214,000 after purchasing an additional 220,871 shares in the last quarter. Finally, Barclays PLC grew its holdings in Vital Energy by 124.0% in the third quarter. Barclays PLC now owns 338,675 shares of the company's stock valued at $9,110,000 after purchasing an additional 187,503 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

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.