Vital Energy, Inc. (NYSE:VTLE) COO Sells $117,601.29 in Stock

Vital Energy, Inc. (NYSE:VTLE) COO Kathryn Anne Hill sold 5,673 shares of Vital Energy stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $117,601.29. Following the sale, the chief operating officer now directly owns 46,413 shares of the company’s stock, valued at approximately $962,141.49. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Vital Energy Price Performance

Shares of Vital Energy stock opened at $21.19 on Friday. The firm has a market cap of $807.59 million, a PE ratio of -4.46 and a beta of 3.07. The business has a 50-day moving average price of $30.70 and a 200 day moving average price of $30.16. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. Vital Energy, Inc. has a twelve month low of $19.85 and a twelve month high of $58.30.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. Sell-side analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

A number of large investors have recently added to or reduced their stakes in VTLE. GF Fund Management CO. LTD. purchased a new stake in shares of Vital Energy during the fourth quarter worth about $257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vital Energy by 7.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,724 shares of the company’s stock worth $826,000 after buying an additional 1,740 shares during the last quarter. Woodline Partners LP purchased a new stake in Vital Energy during the 4th quarter worth approximately $39,392,000. iSAM Funds UK Ltd raised its holdings in shares of Vital Energy by 154.5% during the fourth quarter. iSAM Funds UK Ltd now owns 23,909 shares of the company’s stock valued at $739,000 after acquiring an additional 14,516 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Vital Energy by 5.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock worth $68,466,000 after acquiring an additional 118,367 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VTLE shares. Raymond James decreased their target price on Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. decreased their price objective on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday. Williams Trading set a $27.00 price objective on shares of Vital Energy in a research note on Wednesday, March 5th. Citigroup downgraded shares of Vital Energy to a “reduce” rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company increased their price target on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.46.

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.