American Century Companies Inc. Purchases 52,382 Shares of Vital Energy, Inc. (NYSE:VTLE)

American Century Companies Inc. raised its position in Vital Energy, Inc. (NYSE:VTLE - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 497,442 shares of the company's stock after buying an additional 52,382 shares during the quarter. American Century Companies Inc. owned about 1.30% of Vital Energy worth $15,381,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Vital Energy in the 4th quarter valued at about $788,000. Geode Capital Management LLC lifted its holdings in Vital Energy by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company's stock worth $17,031,000 after purchasing an additional 17,782 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Vital Energy in the fourth quarter valued at approximately $750,000. Wolverine Asset Management LLC purchased a new position in Vital Energy during the fourth quarter valued at approximately $1,292,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Vital Energy by 25.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock worth $15,611,000 after acquiring an additional 103,583 shares during the period. Hedge funds and other institutional investors own 86.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Mizuho boosted their price target on shares of Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Raymond James decreased their target price on Vital Energy from $44.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Bank of America dropped their price target on Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a research report on Tuesday. Truist Financial cut their price target on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Wolfe Research upgraded Vital Energy from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Vital Energy currently has a consensus rating of "Hold" and an average target price of $38.08.

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Insider Transactions at Vital Energy

In other news, EVP Mark David Denny sold 5,974 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 42,494 shares in the company, valued at approximately $880,900.62. The trade was a 12.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kathryn Anne Hill sold 5,673 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 $117,601.29. Following the completion of the sale, the chief operating officer now owns 46,413 shares in the company, valued at approximately $962,141.49. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,647 shares of company stock valued at $448,742. Company insiders own 1.20% of the company's stock.

Vital Energy Trading Down 16.0 %

NYSE:VTLE traded down $2.68 during midday trading on Friday, reaching $14.12. 1,948,229 shares of the stock traded hands, compared to its average volume of 987,005. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The stock has a market capitalization of $538.27 million, a P/E ratio of -2.97 and a beta of 3.07. Vital Energy, Inc. has a 12 month low of $13.41 and a 12 month high of $58.30. The company has a fifty day moving average of $26.91 and a 200 day moving average of $29.20.

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

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.