Wolverine Asset Management LLC Invests $1.29 Million in Vital Energy, Inc. (NYSE:VTLE)

Wolverine Asset Management LLC purchased a new position in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 41,773 shares of the company's stock, valued at approximately $1,292,000. Wolverine Asset Management LLC owned 0.11% of Vital Energy as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in VTLE. Geode Capital Management LLC boosted its stake in Vital Energy by 2.9% during the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company's stock valued at $17,031,000 after buying an additional 17,782 shares during the period. Jennison Associates LLC bought a new stake in Vital Energy during the fourth quarter valued at approximately $750,000. Raymond James & Associates grew its position in Vital Energy by 96.8% in the third quarter. Raymond James & Associates now owns 145,167 shares of the company's stock worth $3,905,000 after acquiring an additional 71,385 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Vital Energy during the 4th quarter valued at about $701,000. Finally, Empowered Funds LLC lifted its position in Vital Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 192,921 shares of the company's stock worth $5,965,000 after buying an additional 9,320 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analyst Ratings Changes

VTLE has been the topic of a number of analyst reports. Wolfe Research upgraded shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Piper Sandler lifted their price objective on Vital Energy from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Mizuho boosted 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. JPMorgan Chase & Co. raised their price target on Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. Finally, Truist Financial lowered their price objective on Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $45.70.

Vital Energy Stock Down 2.8 %

Shares of NYSE:VTLE traded down $0.78 during trading on Wednesday, hitting $27.09. The stock had a trading volume of 1,107,026 shares, compared to its average volume of 898,720. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.03 billion, a PE ratio of -5.70 and a beta of 3.12. The firm's fifty day moving average is $32.52 and its 200 day moving average is $31.34. Vital Energy, Inc. has a 12 month low of $25.85 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 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 business had revenue of $534.37 million for the quarter, compared to analysts' expectations of $550.90 million. Analysts anticipate that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

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.