31,444 Shares in Vital Energy, Inc. (NYSE:VTLE) Bought by Weiss Asset Management LP

Weiss Asset Management LP purchased a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 31,444 shares of the company's stock, valued at approximately $846,000. Weiss Asset Management LP owned about 0.08% of Vital Energy at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VTLE. Westwood Holdings Group Inc. acquired a new position in shares of Vital Energy in the 2nd quarter valued at about $64,690,000. Victory Capital Management Inc. lifted its stake in shares of Vital Energy by 800.9% in the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company's stock valued at $24,263,000 after purchasing an additional 481,248 shares during the period. Tributary Capital Management LLC acquired a new position in shares of Vital Energy in the 3rd quarter valued at about $7,945,000. Dimensional Fund Advisors LP lifted its stake in shares of Vital Energy by 19.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company's stock valued at $77,227,000 after purchasing an additional 282,574 shares during the period. Finally, Thomist Capital Management LP acquired a new position in shares of Vital Energy in the 2nd quarter valued at about $10,443,000. Institutional investors own 86.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VTLE shares. Truist Financial dropped their price objective on Vital Energy from $66.00 to $48.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. KeyCorp downgraded Vital Energy from an "overweight" rating to a "sector weight" rating in a research note on Friday, August 16th. BMO Capital Markets dropped their price target on Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company upped their price target on Vital Energy from $29.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price target on Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $47.00.

Insider Buying and Selling at Vital Energy

In other Vital Energy news, COO Kathryn Anne Hill sold 2,023 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $61,135.06. Following the sale, the chief operating officer now owns 29,091 shares in the company, valued at $879,130.02. This represents a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the sale, the chief financial officer now owns 77,516 shares in the company, valued at approximately $2,212,306.64. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,168 shares of company stock valued at $502,017. Company insiders own 1.20% of the company's stock.

Vital Energy Stock Performance

NYSE VTLE traded up $1.56 on Monday, hitting $30.89. 1,014,206 shares of the stock traded hands, compared to its average volume of 904,729. The business's fifty day moving average is $29.58 and its two-hundred day moving average is $36.02. Vital Energy, Inc. has a 12 month low of $25.85 and a 12 month high of $58.30. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 2.05 and a beta of 3.19. 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 announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million during the quarter, compared to analyst estimates of $461.58 million. During the same period in the prior year, the company earned $5.16 earnings per share. Vital Energy's revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Vital Energy, Inc. will post 6.9 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.