Tributary Capital Management LLC Purchases 132,924 Shares of Vital Energy, Inc. (NYSE:VTLE)

Tributary Capital Management LLC increased its holdings in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 428,295 shares of the company's stock after buying an additional 132,924 shares during the period. Tributary Capital Management LLC owned about 1.12% of Vital Energy worth $13,243,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Vital Energy by 2.9% during the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company's stock valued at $17,031,000 after acquiring an additional 17,782 shares during the last quarter. Raymond James & Associates grew its position in shares of Vital Energy by 96.8% in the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company's stock valued at $3,905,000 after buying an additional 71,385 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Vital Energy by 19.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company's stock valued at $77,227,000 after buying an additional 282,574 shares during the period. Sei Investments Co. raised its position in shares of 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 acquiring an additional 22,711 shares during the last quarter. Finally, Creative Planning boosted its holdings in Vital Energy by 454.6% in the third quarter. Creative Planning now owns 29,560 shares of the company's stock valued at $795,000 after acquiring an additional 24,230 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. BMO Capital Markets lowered 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 research note on Friday, October 4th. Wells Fargo & Company upped their price target on shares of Vital Energy from $34.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 15th. Wolfe Research upgraded Vital Energy from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, Piper Sandler lowered their target price on Vital Energy from $35.00 to $27.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Vital Energy currently has an average rating of "Hold" and an average target price of $45.40.

Vital Energy Stock Down 1.6 %

VTLE traded down $0.54 during trading on Friday, hitting $33.88. 673,379 shares of the company's stock were exchanged, compared to its average volume of 685,394. Vital Energy, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The stock has a market cap of $1.29 billion, a P/E ratio of 2.37 and a beta of 3.16. The business's 50 day moving average is $32.11 and its two-hundred day moving average is $32.97. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.15. The company had revenue of $459.23 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $5.16 EPS. As a group, equities analysts expect that Vital Energy, Inc. will post 7.19 earnings per share for the current fiscal year.

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.