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Vital Energy, Inc. (NYSE:VTLE) Shares Purchased by Public Employees Retirement System of Ohio

Vital Energy logo with Oils/Energy background

Public Employees Retirement System of Ohio lifted its stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 77.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,246 shares of the company's stock after acquiring an additional 59,942 shares during the period. Public Employees Retirement System of Ohio owned 0.36% of Vital Energy worth $3,692,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Westwood Holdings Group Inc. acquired a new stake in Vital Energy in the second quarter valued at approximately $64,690,000. Victory Capital Management Inc. lifted its holdings in shares of Vital Energy by 800.9% during the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company's stock valued at $24,263,000 after purchasing an additional 481,248 shares during the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Vital Energy in the 3rd quarter worth $7,945,000. Dimensional Fund Advisors LP grew its stake 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. Finally, Thomist Capital Management LP acquired a new position in Vital Energy during the 2nd quarter valued at about $10,443,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VTLE has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Piper Sandler dropped their target price on shares of Vital Energy from $37.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, November 18th. Mizuho decreased their price target on shares of Vital Energy from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Monday. Truist Financial dropped their price objective on shares of Vital Energy from $66.00 to $48.00 and set a "buy" rating on the stock in a report on Monday, September 30th. Finally, Wells Fargo & Company raised their target price on Vital Energy from $29.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vital Energy presently has an average rating of "Hold" and a consensus target price of $46.82.

Check Out Our Latest Stock Report on VTLE

Vital Energy Stock Performance

Shares of NYSE VTLE traded down $1.41 during trading on Monday, reaching $30.08. 1,206,162 shares of the company traded hands, compared to its average volume of 899,934. Vital Energy, Inc. has a 12-month low of $25.85 and a 12-month high of $58.30. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.15 billion, a P/E ratio of 2.11 and a beta of 3.19. The firm's fifty day simple moving average is $29.81 and its 200 day simple moving average is $35.31.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The company had revenue of $459.23 million during the quarter, compared to analysts' expectations of $461.58 million. During the same period last year, the business earned $5.16 earnings per share. Vital Energy's quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that Vital Energy, Inc. will post 6.93 earnings per share for the current fiscal year.

Insider Activity at Vital Energy

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the firm's 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 of the company's stock, valued at approximately $2,212,306.64. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kathryn Anne Hill sold 2,023 shares of the company's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now directly owns 29,091 shares of the company's stock, valued at approximately $879,130.02. The trade was a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,168 shares of company stock worth $502,017 in the last three months. Company insiders own 1.20% of the company's stock.

About Vital Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Vital Energy (NYSE:VTLE)

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