Proficio Capital Partners LLC Takes Position in Vital Energy, Inc. (NYSE:VTLE)

Proficio Capital Partners LLC bought a new position in Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,478 shares of the company's stock, valued at approximately $788,000. Proficio Capital Partners LLC owned 0.07% of Vital Energy at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in shares of Vital Energy by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company's stock worth $17,031,000 after buying an additional 17,782 shares in the last quarter. Jennison Associates LLC bought a new stake in Vital Energy in the fourth quarter valued at $750,000. Wolverine Asset Management LLC acquired a new position in Vital Energy during the fourth quarter worth $1,292,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vital Energy by 25.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock valued at $15,611,000 after acquiring an additional 103,583 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Vital Energy during the fourth quarter valued at $701,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Insider Transactions at Vital Energy

In related news, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 of the company's stock, valued at $2,022,335.88. This trade represents a 9.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kathryn Anne Hill sold 5,673 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $117,601.29. Following the completion of the sale, the chief operating officer now directly owns 46,413 shares of the company's stock, valued at $962,141.49. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,647 shares of company stock worth $448,742. 1.20% of the stock is currently owned by company insiders.

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Vital Energy Trading Up 0.6 %

NYSE VTLE traded up $0.14 during trading hours on Wednesday, hitting $22.48. The company's stock had a trading volume of 682,100 shares, compared to its average volume of 953,433. The stock has a fifty day moving average of $28.97 and a 200 day moving average of $29.53. 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. The firm has a market capitalization of $856.77 million, a P/E ratio of -4.73 and a beta of 3.07.

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 analysts' consensus estimates of $2.03 by $0.27. The company had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Equities research analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VTLE has been the subject of a number of recent analyst reports. Citigroup cut shares of Vital Energy to a "reduce" rating in a research report on Wednesday, March 5th. Mizuho raised their price objective 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. Wells Fargo & Company cut their target price on shares of Vital Energy from $36.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday. Piper Sandler decreased their price target on Vital Energy from $32.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, Truist Financial cut their price objective on Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Vital Energy presently has an average rating of "Hold" and a consensus target price of $39.54.

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.