Charles Schwab Investment Management Inc. Acquires 103,583 Shares of Vital Energy, Inc. (NYSE:VTLE)

Charles Schwab Investment Management Inc. boosted its position in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 504,885 shares of the company's stock after acquiring an additional 103,583 shares during the period. Charles Schwab Investment Management Inc. owned 1.32% of Vital Energy worth $15,611,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VTLE. The Manufacturers Life Insurance Company lifted its position in shares of Vital Energy by 3.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company's stock worth $390,000 after purchasing an additional 503 shares during the last quarter. US Bancorp DE increased its position in Vital Energy by 9.1% in the 4th quarter. US Bancorp DE now owns 6,971 shares of the company's stock worth $216,000 after buying an additional 581 shares during the period. ClearAlpha Technologies LP lifted its holdings in shares of Vital Energy by 5.1% during the third quarter. ClearAlpha Technologies LP now owns 13,250 shares of the company's stock worth $356,000 after buying an additional 644 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Vital Energy by 6.4% in the third quarter. Franklin Resources Inc. now owns 12,662 shares of the company's stock valued at $363,000 after acquiring an additional 758 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock worth $34,000 after acquiring an additional 803 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VTLE shares. Williams Trading set a $27.00 price target on shares of Vital Energy in a report on Wednesday, March 5th. Piper Sandler reduced their target price on shares of Vital Energy from $32.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Truist Financial lowered their price target on Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Citigroup lowered Vital Energy to a "reduce" rating in a report on Wednesday, March 5th. Finally, Mizuho upped their target price on Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $40.46.

Insiders Place Their Bets

In related news, COO Kathryn Anne Hill sold 5,673 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the sale, the chief operating officer now owns 46,413 shares of the company's stock, valued at $962,141.49. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark David Denny sold 5,974 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $123,841.02. Following the transaction, the executive vice president now directly owns 42,494 shares in the company, valued at approximately $880,900.62. This represents a 12.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,647 shares of company stock valued at $448,742. 1.20% of the stock is currently owned by corporate insiders.

Vital Energy Price Performance

VTLE stock traded up $1.07 during trading on Monday, hitting $23.18. 1,090,521 shares of the stock traded hands, compared to its average volume of 953,914. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91. The stock has a market cap of $883.45 million, a price-to-earnings ratio of -4.88 and a beta of 3.07. Vital Energy, Inc. has a one year low of $19.85 and a one year high of $58.30. The company has a 50 day simple moving average of $29.48 and a 200 day simple moving average of $29.63.

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

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.