22,679 Shares in Vital Energy, Inc. (NYSE:VTLE) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,679 shares of the company's stock, valued at approximately $701,000. SG Americas Securities LLC owned approximately 0.06% of Vital Energy at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its position in 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 during the period. Raymond James & Associates grew its position in shares of Vital Energy by 96.8% during the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company's stock worth $3,905,000 after buying an additional 71,385 shares during the period. Sei Investments Co. boosted its holdings in Vital Energy by 52.3% during the second 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 last quarter. Creative Planning increased its position in shares of Vital Energy by 454.6% in the 3rd quarter. Creative Planning now owns 29,560 shares of the company's stock valued at $795,000 after buying an additional 24,230 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vital Energy by 29.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company's stock worth $10,795,000 after buying an additional 90,523 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Stock Down 0.5 %

Shares of VTLE traded down $0.18 on Thursday, reaching $33.46. The stock had a trading volume of 512,163 shares, compared to its average volume of 771,103. Vital Energy, Inc. has a 12-month low of $25.85 and a 12-month high of $58.30. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 2.34 and a beta of 3.16. The company has a 50-day simple moving average of $32.23 and a 200-day simple moving average of $32.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The business had revenue of $459.23 million for the quarter, compared to analysts' expectations of $461.58 million. During the same quarter last year, the company posted $5.16 EPS. The company's revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Vital Energy, Inc. will post 7.19 EPS for the current year.

Wall Street Analysts Forecast Growth

VTLE has been the topic of a number of recent research reports. Truist Financial lifted their target price on Vital Energy from $48.00 to $49.00 and gave the company a "buy" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a report on Thursday, December 5th. Piper Sandler increased their price target on shares of Vital Energy from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday. BMO Capital Markets dropped their target price 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. Finally, Wolfe Research upgraded Vital Energy from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.90.

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.