Creative Planning Boosts Holdings in Vital Energy, Inc. (NYSE:VTLE)

Creative Planning boosted its stake in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 454.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,560 shares of the company's stock after purchasing an additional 24,230 shares during the quarter. Creative Planning owned approximately 0.08% of Vital Energy worth $795,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its position in shares of Vital Energy by 29.3% during the 1st quarter. First Eagle Investment Management LLC now owns 207,705 shares of the company's stock worth $10,913,000 after purchasing an additional 47,100 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Vital Energy during the 2nd quarter worth about $4,250,000. Dimensional Fund Advisors LP lifted its holdings in Vital Energy by 19.6% during 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 last quarter. Sei Investments Co. boosted its position in shares of Vital Energy by 52.3% during the 2nd quarter. Sei Investments Co. now owns 66,126 shares of the company's stock worth $2,964,000 after acquiring an additional 22,711 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Vital Energy by 800.9% in the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company's stock valued at $24,263,000 after acquiring an additional 481,248 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wolfe Research assumed coverage on Vital Energy in a research note on Thursday, July 18th. They set an "underperform" rating and a $50.00 target price for the company. KeyCorp cut shares of Vital Energy from an "overweight" rating to a "sector weight" rating in a report on Friday, August 16th. BMO Capital Markets cut 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 note on Friday, October 4th. Wells Fargo & Company decreased their price objective on shares of Vital Energy from $41.00 to $29.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 1st. Finally, Truist Financial cut their target price on Vital Energy from $66.00 to $48.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Vital Energy has a consensus rating of "Hold" and a consensus target price of $47.83.

Vital Energy Stock Performance

VTLE traded down $1.24 on Friday, hitting $26.03. 1,022,344 shares of the company traded hands, compared to its average volume of 966,588. Vital Energy, Inc. has a 12-month low of $25.85 and a 12-month high of $58.30. The company has a 50 day moving average of $29.32 and a 200-day moving average of $39.79. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $993.83 million, a PE ratio of 2.95 and a beta of 3.16.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.42). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The company had revenue of $476.37 million for the quarter, compared to analysts' expectations of $468.76 million. During the same quarter last year, the company earned $4.35 EPS. Vital Energy's revenue for the quarter was up 42.2% compared to the same quarter last year. Sell-side analysts anticipate that Vital Energy, Inc. will post 6.91 earnings per share for the current year.

Insider Transactions at Vital Energy

In other 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 transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the sale, the chief financial officer now directly owns 77,516 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through 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 acquisition, the chief executive officer now directly owns 169,389 shares of the company's stock, valued at $6,411,373.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 17,168 shares of company stock worth $502,017. Company insiders own 1.20% of the company's stock.

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.