State Street Corp Has $47.21 Million Stake in Vital Energy, Inc. (NYSE:VTLE)

State Street Corp boosted its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 14.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,755,173 shares of the company's stock after buying an additional 220,871 shares during the period. State Street Corp owned approximately 4.60% of Vital Energy worth $47,214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Systematic Financial Management LP bought a new position in Vital Energy during the third quarter worth about $472,000. Hotchkis & Wiley Capital Management LLC raised its position in shares of Vital Energy by 22.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 311,130 shares of the company's stock valued at $8,369,000 after acquiring an additional 57,810 shares during the period. ClearAlpha Technologies LP boosted its stake in Vital Energy by 5.1% during the 3rd quarter. ClearAlpha Technologies LP now owns 13,250 shares of the company's stock worth $356,000 after acquiring an additional 644 shares during the last quarter. FMR LLC grew its holdings in Vital Energy by 831.4% during the third quarter. FMR LLC now owns 15,992 shares of the company's stock valued at $430,000 after purchasing an additional 14,275 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Vital Energy by 3.6% in the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company's stock valued at $390,000 after purchasing an additional 503 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Vital Energy Stock Up 1.8 %

Vital Energy stock traded up $0.50 during midday trading on Friday, reaching $28.39. The stock had a trading volume of 1,882,319 shares, compared to its average volume of 905,019. The stock has a market capitalization of $1.08 billion, a P/E ratio of 1.99 and a beta of 3.19. The firm's fifty day simple moving average is $29.76 and its 200-day simple moving average is $35.07. 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, Inc. has a 1-year low of $25.85 and a 1-year high of $58.30.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial reduced their price target on shares of Vital Energy from $66.00 to $48.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. BMO Capital Markets reduced their target price on Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a report on Friday, October 4th. Mizuho lowered their price target on Vital Energy from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Monday. 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. Finally, Wells Fargo & Company lowered their target price on Vital Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Tuesday. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $46.00.

Insiders Place Their Bets

In other Vital Energy news, COO Kathryn Anne Hill sold 2,023 shares of the company's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $61,135.06. Following the sale, the chief operating officer now directly owns 29,091 shares of the company's stock, valued at approximately $879,130.02. This represents a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction of $285,400.00. Following the completion of the sale, the chief financial officer now owns 77,516 shares of the company's stock, valued at approximately $2,212,306.64. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,168 shares of company stock valued at $502,017 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

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.