Victory Capital Management Inc. Purchases 35,133 Shares of Vital Energy, Inc. (NYSE:VTLE)

Victory Capital Management Inc. lifted its holdings in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 576,470 shares of the company's stock after buying an additional 35,133 shares during the period. Victory Capital Management Inc. owned approximately 1.51% of Vital Energy worth $15,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC increased its position in Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company's stock worth $26,000 after purchasing an additional 465 shares during the last quarter. nVerses Capital LLC increased its position in shares of Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company's stock valued at $81,000 after acquiring an additional 900 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Vital Energy by 2,590.7% during the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company's stock valued at $54,000 after acquiring an additional 1,943 shares during the last quarter. Signaturefd LLC increased its position in shares of Vital Energy by 234.2% during the third quarter. Signaturefd LLC now owns 2,326 shares of the company's stock valued at $63,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Vital Energy during the second quarter valued at about $147,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Vital Energy Trading Up 4.1 %

VTLE traded up $1.28 on Wednesday, reaching $32.52. 635,878 shares of the company's stock were exchanged, compared to its average volume of 914,064. The company's 50 day moving average is $28.72 and its 200-day moving average is $37.66. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 2.28 and a beta of 3.16. Vital Energy, Inc. has a twelve month low of $25.85 and a twelve month high of $58.30. 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 data 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. The company had revenue of $459.23 million during 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%. Vital Energy's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $5.16 earnings per share. Equities analysts predict that Vital Energy, Inc. will post 6.87 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Mark David Denny sold 5,145 shares of the business'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 $155,481.90. Following the completion of the transaction, the executive vice president now owns 26,358 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the business's 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,168 shares of company stock worth $502,017. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VTLE. Piper Sandler dropped their price target on shares of Vital Energy from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Vital Energy from $29.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Vital Energy from $45.00 to $31.00 and set an "underweight" rating for the company in a report on Thursday, September 12th. Mizuho dropped their price objective on shares of Vital Energy from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Finally, Truist Financial dropped their price objective on shares of Vital Energy from $66.00 to $48.00 and set a "buy" rating for the company in a report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Vital Energy has an average rating of "Hold" and a consensus price target of $48.17.

Vital Energy Company 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.