Y Intercept Hong Kong Ltd Takes $959,000 Position in Vital Energy, Inc. (NYSE:VTLE)

Y Intercept Hong Kong Ltd bought a new stake in Vital Energy, Inc. (NYSE:VTLE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,666 shares of the company's stock, valued at approximately $959,000. Y Intercept Hong Kong Ltd owned 0.09% of Vital Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTLE. State Street Corp lifted its holdings in Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company's stock worth $47,214,000 after acquiring an additional 220,871 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vital Energy by 19.6% during 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 in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Vital Energy in the 2nd quarter valued at approximately $64,690,000. Victory Capital Management Inc. increased its stake in Vital Energy by 6.5% during the 3rd quarter. Victory Capital Management Inc. now owns 576,470 shares of the company's stock worth $15,507,000 after purchasing an additional 35,133 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vital Energy by 29.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company's stock worth $10,795,000 after buying an additional 90,523 shares during the period. Institutional investors own 86.54% of the company's stock.

Insider Buying and Selling

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the firm's 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 of the company's stock, valued at approximately $2,212,306.64. This trade represents a 11.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of Vital Energy stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the completion of the transaction, the chief operating officer now owns 29,091 shares in the company, valued at approximately $879,130.02. The trade was a 6.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,168 shares of company stock worth $502,017. Company insiders own 1.20% of the company's stock.

Vital Energy Stock Performance

NYSE:VTLE traded down $0.34 during mid-day trading on Friday, reaching $31.49. 487,821 shares of the company's stock were exchanged, compared to its average volume of 898,663. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $1.20 billion, a PE ratio of 2.23 and a beta of 3.19. Vital Energy, Inc. has a one year low of $25.85 and a one year high of $58.30. The business's fifty day simple moving average is $29.83 and its two-hundred day simple moving average is $35.72.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) 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 analysts' expectations of $461.58 million. During the same period in the previous year, the company posted $5.16 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that Vital Energy, Inc. will post 6.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VTLE. Piper Sandler lowered their price objective on shares of Vital Energy from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, November 18th. Truist Financial dropped their target price on Vital Energy from $66.00 to $48.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. BMO Capital Markets cut their target price 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 raised their price target on shares of 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. boosted their price objective on shares of Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $47.00.

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.