Vital Energy, Inc. (NYSE:VTLE) CFO Sells $207,300.00 in Stock

Vital Energy, Inc. (NYSE:VTLE) CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $207,300.00. Following the completion of the sale, the chief financial officer now owns 97,556 shares of the company’s stock, valued at approximately $2,022,335.88. This represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Vital Energy Stock Up 6.1 %

NYSE:VTLE opened at $21.19 on Friday. The company has a market capitalization of $807.59 million, a price-to-earnings ratio of -4.46 and a beta of 3.07. Vital Energy, Inc. has a one year low of $19.85 and a one year high of $58.30. The stock has a 50-day simple moving average of $30.70 and a 200 day simple moving average of $30.12. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.27. The business had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Sell-side analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

Large investors have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its holdings in Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock worth $28,000 after acquiring an additional 814 shares during the last quarter. First Horizon Advisors Inc. bought a new position in Vital Energy in the third quarter worth about $26,000. R Squared Ltd bought a new position in Vital Energy in the fourth quarter worth about $34,000. Nisa Investment Advisors LLC lifted its holdings in Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after acquiring an additional 803 shares during the last quarter. Finally, Quarry LP bought a new position in Vital Energy in the fourth quarter worth about $37,000. Institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

VTLE has been the subject of several recent research reports. Citigroup downgraded Vital Energy to a “reduce” rating in a report on Wednesday, March 5th. Raymond James lowered their target price on Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, Williams Trading set a $27.00 target price on Vital Energy in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.46.

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.