Entropy Technologies LP Has $606,000 Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Entropy Technologies LP boosted its position in Vital Energy, Inc. (NYSE:VTLE) by 34.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,518 shares of the company’s stock after acquiring an additional 5,801 shares during the period. Entropy Technologies LP’s holdings in Vital Energy were worth $606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. bought a new position in shares of Vital Energy in the second quarter valued at approximately $64,690,000. Victory Capital Management Inc. increased its position in Vital Energy by 800.9% in the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock worth $24,263,000 after buying an additional 481,248 shares during the last quarter. Tributary Capital Management LLC purchased a new stake in Vital Energy in the third quarter worth $7,945,000. Dimensional Fund Advisors LP increased its position in Vital Energy by 19.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after buying an additional 282,574 shares during the last quarter. Finally, Thomist Capital Management LP purchased a new stake in Vital Energy in the second quarter worth $10,443,000. Institutional investors own 86.54% of the company’s stock.

Insider Activity at Vital Energy

In related news, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the transaction, the chief financial officer now owns 77,516 shares of the company’s stock, valued at $2,212,306.64. The trade was a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark David Denny sold 5,145 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the transaction, the executive vice president now directly owns 26,358 shares of the company’s stock, valued at $796,538.76. This trade represents a 16.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,168 shares of company stock worth $502,017. Company insiders own 1.20% of the company’s stock.

Vital Energy Trading Up 2.5 %

Shares of NYSE VTLE opened at $31.16 on Friday. The business’s 50 day moving average is $28.38 and its two-hundred day moving average is $38.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. Vital Energy, Inc. has a 1-year low of $25.85 and a 1-year high of $58.30. The stock has a market capitalization of $1.19 billion, a P/E ratio of 2.18 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last announced its 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 analyst estimates of $461.58 million. During the same quarter in the previous year, the business earned $5.16 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts expect that Vital Energy, Inc. will post 6.91 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Piper Sandler cut their price objective on Vital Energy from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. BMO Capital Markets cut their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Wolfe Research assumed coverage on Vital Energy in a report on Thursday, July 18th. They set an “underperform” rating and a $50.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on Vital Energy from $41.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.83.

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.