Two Sigma Advisers LP Sells 203,200 Shares of Vital Energy, Inc. (NYSE:VTLE)

Two Sigma Advisers LP decreased its holdings in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 33.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,763 shares of the company's stock after selling 203,200 shares during the quarter. Two Sigma Advisers LP owned 1.06% of Vital Energy worth $10,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in Vital Energy by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,577 shares of the company's stock valued at $556,000 after purchasing an additional 816 shares in the last quarter. California State Teachers Retirement System raised its holdings in Vital Energy by 5.2% in the 1st quarter. California State Teachers Retirement System now owns 23,062 shares of the company's stock valued at $1,212,000 after acquiring an additional 1,133 shares in the last quarter. Cetera Investment Advisers acquired a new position in Vital Energy in the 1st quarter valued at approximately $1,669,000. CWM LLC raised its holdings in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company's stock valued at $26,000 after acquiring an additional 465 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Vital Energy by 12.9% in the 2nd quarter. Raymond James & Associates now owns 73,782 shares of the company's stock worth $3,307,000 after buying an additional 8,435 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Trading Down 0.9 %

Shares of NYSE:VTLE traded down $0.29 during midday trading on Tuesday, hitting $30.61. The company had a trading volume of 585,098 shares, compared to its average volume of 903,386. 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 $1.17 billion, a price-to-earnings ratio of 2.18 and a beta of 3.19. The firm has a fifty day simple moving average of $29.66 and a 200 day simple moving average of $35.90.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) 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 firm had revenue of $459.23 million for the quarter, compared to the consensus estimate of $461.58 million. During the same quarter last year, the business posted $5.16 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Vital Energy, Inc. will post 6.9 EPS for the current year.

Insider Activity at Vital Energy

In related news, EVP Mark David Denny sold 5,145 shares of the business'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 $155,481.90. Following the completion of the sale, the executive vice president now directly owns 26,358 shares in the company, valued at approximately $796,538.76. The trade was a 16.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,168 shares of company stock valued at $502,017. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BMO Capital Markets dropped their target price on Vital Energy from $48.00 to $40.00 and set a "market perform" rating for the company in a report on Friday, October 4th. Wells Fargo & Company raised their price target on Vital Energy from $29.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, November 19th. Mizuho dropped their price target on Vital Energy from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Truist Financial dropped their price target on Vital Energy from $66.00 to $48.00 and set a "buy" rating for the company in a report on Monday, September 30th. Finally, KeyCorp cut Vital Energy from an "overweight" rating to a "sector weight" rating in a report on Friday, August 16th. Three investment 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $47.00.

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.