Wolverine Asset Management LLC Acquires Shares of 41,773 Vital Energy, Inc. (NYSE:VTLE)

Wolverine Asset Management LLC acquired a new stake in Vital Energy, Inc. (NYSE:VTLE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 41,773 shares of the company’s stock, valued at approximately $1,292,000. Wolverine Asset Management LLC owned approximately 0.11% of Vital Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Vital Energy by 14.4% during the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after buying an additional 220,871 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vital Energy by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after buying an additional 17,782 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of 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 buying an additional 35,133 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of Vital Energy by 45.0% during the 4th quarter. Tributary Capital Management LLC now owns 428,295 shares of the company’s stock worth $13,243,000 after buying an additional 132,924 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Trading Down 6.9 %

NYSE VTLE opened at $28.77 on Friday. The business’s 50-day moving average price is $32.58 and its two-hundred day moving average price is $31.51. Vital Energy, Inc. has a 12 month low of $25.85 and a 12 month high of $58.30. The firm has a market capitalization of $1.10 billion, a PE ratio of -6.06 and a beta of 3.12. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. On average, analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VTLE shares. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Piper Sandler boosted their price objective on 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 Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price objective on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Truist Financial reduced their price objective on Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Vital Energy has a consensus rating of “Hold” and an average target price of $45.70.

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.