Tributary Capital Management LLC Makes New Investment in Vital Energy, Inc. (NYSE:VTLE)

Tributary Capital Management LLC bought a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 295,371 shares of the company's stock, valued at approximately $7,945,000. Tributary Capital Management LLC owned about 0.81% of Vital Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTLE. First Eagle Investment Management LLC boosted its holdings in Vital Energy by 29.3% in the 1st quarter. First Eagle Investment Management LLC now owns 207,705 shares of the company's stock worth $10,913,000 after buying an additional 47,100 shares during the period. Edgestream Partners L.P. bought a new position in Vital Energy in the 2nd quarter worth approximately $4,250,000. Dimensional Fund Advisors LP boosted its holdings in Vital Energy by 19.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company's stock worth $77,227,000 after buying an additional 282,574 shares during the period. Sei Investments Co. boosted its holdings in Vital Energy by 52.3% in the 2nd quarter. Sei Investments Co. now owns 66,126 shares of the company's stock worth $2,964,000 after buying an additional 22,711 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Vital Energy by 800.9% in the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company's stock worth $24,263,000 after buying an additional 481,248 shares during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Trading Down 3.6 %

Shares of VTLE traded down $1.00 during trading hours on Monday, reaching $26.71. 1,042,457 shares of the company traded hands, compared to its average volume of 919,337. The company's fifty day moving average price is $30.24 and its two-hundred day moving average price is $40.70. The company has a market capitalization of $979.19 million, a price-to-earnings ratio of 1.08 and a beta of 3.16. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.59. Vital Energy, Inc. has a 12 month low of $25.85 and a 12 month high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.88 by ($0.42). The company had revenue of $476.37 million for the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The company's revenue for the quarter was up 42.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.35 EPS. Equities research analysts predict that Vital Energy, Inc. will post 7.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on VTLE shares. Truist Financial cut their price objective on shares of Vital Energy from $66.00 to $48.00 and set a "buy" rating for the company in a report on Monday, September 30th. Mizuho cut their price objective on shares of Vital Energy from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. BMO Capital Markets cut their price target on shares of Vital Energy from $48.00 to $40.00 and set a "market perform" rating for the company in a report on Friday, October 4th. Piper Sandler cut their price target on shares of Vital Energy from $38.00 to $37.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Finally, Wolfe Research initiated coverage on shares of Vital Energy in a report on Thursday, July 18th. They issued an "underperform" rating and a $50.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $47.83.

Insider Activity

In other Vital Energy news, CEO M. Jason Pigott acquired 2,500 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $37.85 per share, with a total value of $94,625.00. Following the completion of the purchase, the chief executive officer now directly owns 169,389 shares of the company's stock, valued at approximately $6,411,373.65. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction of $285,400.00. Following the sale, the chief financial officer now owns 77,516 shares of the company's stock, valued at $2,212,306.64. The trade was a 0.00 % 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, CEO M. Jason Pigott acquired 2,500 shares of the company's stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the purchase, the chief executive officer now directly owns 169,389 shares of the company's stock, valued at $6,411,373.65. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 17,168 shares of company stock valued at $502,017. Corporate insiders own 1.20% of the company's stock.

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.