Denali Advisors LLC Has $1.03 Million Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Denali Advisors LLC cut its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,445 shares of the company’s stock after selling 6,100 shares during the period. Denali Advisors LLC owned approximately 0.09% of Vital Energy worth $1,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of 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 purchasing an additional 220,871 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Vital Energy by 2.9% during the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after acquiring an additional 17,782 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Vital Energy by 6.5% during the third quarter. Victory Capital Management Inc. now owns 576,470 shares of the company’s stock worth $15,507,000 after acquiring an additional 35,133 shares in the last quarter. Tributary Capital Management LLC grew its stake in Vital Energy by 45.0% in the fourth quarter. Tributary Capital Management LLC now owns 428,295 shares of the company’s stock valued at $13,243,000 after acquiring an additional 132,924 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Vital Energy by 29.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company’s stock worth $10,795,000 after acquiring an additional 90,523 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

VTLE has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their price target on shares of Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Piper Sandler increased their price objective on shares of Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Mizuho boosted their price objective 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. Finally, Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.70.

Vital Energy Trading Down 2.8 %

Shares of NYSE:VTLE opened at $27.09 on Thursday. The company’s 50-day moving average price is $32.50 and its two-hundred day moving average price is $31.31. Vital Energy, Inc. has a one year low of $25.85 and a one year high of $58.30. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. The stock has a market capitalization of $1.03 billion, a PE ratio of -5.70 and a beta of 3.12.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. On average, equities analysts forecast 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.