Russell Investments Group Ltd. Has $3.03 Million Holdings in Vital Energy, Inc. (NYSE:VTLE)

Russell Investments Group Ltd. grew its holdings in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 101.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,028 shares of the company's stock after buying an additional 49,383 shares during the period. Russell Investments Group Ltd. owned 0.26% of Vital Energy worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. R Squared Ltd acquired a new stake in Vital Energy in the 4th quarter valued at approximately $34,000. 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 purchasing an additional 803 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Vital Energy by 247.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company's stock valued at $48,000 after purchasing an additional 1,106 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Vital Energy during the fourth quarter valued at about $96,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Vital Energy in the fourth quarter worth about $124,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Trading Up 5.6 %

NYSE VTLE traded up $0.82 on Tuesday, hitting $15.50. 1,631,283 shares of the company were exchanged, compared to its average volume of 1,039,746. 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 twelve month low of $12.30 and a twelve month high of $55.87. The firm has a market capitalization of $599.84 million, a P/E ratio of -3.26 and a beta of 2.82. The company's 50 day moving average price is $21.31 and its 200-day moving average price is $27.70.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly 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. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The business had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. Analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Mark David Denny sold 5,974 shares of the business'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 transaction of $123,841.02. Following the transaction, the executive vice president now directly owns 42,494 shares of the company's stock, valued at approximately $880,900.62. The trade was a 12.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Richard D. Campbell acquired 5,000 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the purchase, the insider now owns 43,072 shares in the company, valued at approximately $764,528. This trade represents a 13.13 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 21,647 shares of company stock worth $448,742 over the last quarter. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

VTLE has been the topic of several research analyst reports. Siebert Williams Shank cut shares of Vital Energy from a "buy" rating to a "hold" rating and lowered their target price for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. Wolfe Research upgraded shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Citigroup downgraded Vital Energy to a "reduce" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Finally, Mizuho boosted their price objective on Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Vital Energy currently has a consensus rating of "Hold" and a consensus target price of $38.00.

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.