Invesco Ltd. Sells 157,166 Shares of Vital Energy, Inc. (NYSE:VTLE)

Invesco Ltd. lowered its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 29.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 385,293 shares of the company's stock after selling 157,166 shares during the period. Invesco Ltd. owned about 1.01% of Vital Energy worth $11,913,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VTLE. Vanguard Group Inc. grew its holdings in shares of Vital Energy by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company's stock worth $65,442,000 after purchasing an additional 62,771 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Vital Energy by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 637,869 shares of the company's stock worth $19,727,000 after acquiring an additional 4,852 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Vital Energy by 25.8% in the fourth 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. American Century Companies Inc. raised its holdings in Vital Energy by 11.8% in the 4th quarter. American Century Companies Inc. now owns 497,442 shares of the company's stock valued at $15,381,000 after acquiring an additional 52,382 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its position in Vital Energy by 45.0% during the fourth quarter. Tributary Capital Management LLC now owns 428,295 shares of the company's stock worth $13,243,000 after buying an additional 132,924 shares in the last quarter. Institutional investors own 86.54% of the company's stock.

Insider Buying and Selling

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 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 $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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Richard D. Campbell purchased 5,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of $17.75 per share, with a total value of $88,750.00. Following the completion of the purchase, the insider now owns 43,072 shares in the company, valued at $764,528. The trade was a 13.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 21,647 shares of company stock valued at $448,742. 1.20% of the stock is owned by company insiders.

Vital Energy Price Performance

Vital Energy stock traded up $0.06 during trading hours on Thursday, hitting $15.33. 713,479 shares of the company traded hands, compared to its average volume of 1,042,432. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The firm has a market cap of $593.30 million, a P/E ratio of -3.23 and a beta of 2.82. The firm's 50-day simple moving average is $20.93 and its two-hundred day simple moving average is $27.61. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $55.87.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating 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 firm had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. As a group, analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VTLE. Mizuho increased their target price on shares of Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Raymond James cut their price objective on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. decreased their price target 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. Siebert Williams Shank cut Vital Energy from a "buy" rating to a "hold" rating and cut their price objective for the stock from $62.00 to $27.00 in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Vital Energy from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Vital Energy currently has an average rating of "Hold" and an average target price of $32.36.

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.