Insider Selling: Vital Energy, Inc. (NYSE:VTLE) CFO Sells 10,000 Shares of Stock

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) CFO Bryan Lemmerman sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the sale, the chief financial officer now owns 97,556 shares in the company, valued at approximately $2,022,335.88. This trade represents a 9.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Vital Energy Stock Performance

Shares of VTLE stock traded up $0.40 during trading hours on Monday, reaching $21.62. 1,020,265 shares of the company traded hands, compared to its average volume of 946,013. The firm has a 50-day moving average price of $30.70 and a 200 day moving average price of $30.08. The company has a market cap of $824.25 million, a P/E ratio of -4.55 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. Vital Energy, Inc. has a 12-month low of $19.85 and a 12-month high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The firm had revenue of $534.37 million during the quarter, compared to analysts' expectations of $550.90 million. As a group, sell-side analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wolfe Research upgraded Vital Energy from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Wells Fargo & Company raised their price objective on shares of Vital Energy from $34.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. Piper Sandler dropped their target price on shares of Vital Energy from $32.00 to $24.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Raymond James cut their price target on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Finally, Williams Trading set a $27.00 price objective on shares of Vital Energy in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Vital Energy has an average rating of "Hold" and an average price target of $40.46.

Institutional Investors Weigh In On Vital Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. lifted its holdings in shares of Vital Energy by 5.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company's stock worth $68,466,000 after buying an additional 118,367 shares in the last quarter. Vanguard Group Inc. lifted its stake in Vital Energy by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company's stock worth $65,442,000 after purchasing an additional 62,771 shares in the last quarter. State Street Corp boosted its holdings in shares of Vital Energy by 14.4% during the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company's stock valued at $47,214,000 after purchasing an additional 220,871 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Vital Energy by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company's stock valued at $43,157,000 after purchasing an additional 9,676 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Vital Energy in the fourth quarter worth about $39,392,000. 86.54% of the stock is owned by institutional investors.

About Vital Energy

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.