NFJ Investment Group LLC Has $1.94 Million Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

NFJ Investment Group LLC trimmed its position in Vital Energy, Inc. (NYSE:VTLE) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,050 shares of the company’s stock after selling 3,391 shares during the quarter. NFJ Investment Group LLC’s holdings in Vital Energy were worth $1,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 465 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Vital Energy during the 3rd quarter worth $26,000. International Assets Investment Management LLC grew its holdings in shares of Vital Energy by 2,590.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after purchasing an additional 1,943 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after purchasing an additional 1,630 shares in the last quarter. Finally, nVerses Capital LLC grew its holdings in shares of Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $28.54, for a total transaction of $285,400.00. Following the completion of the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now owns 29,091 shares of the company’s stock, valued at $879,130.02. This trade represents a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,168 shares of company stock worth $502,017. 1.20% of the stock is currently owned by insiders.

Vital Energy Price Performance

Vital Energy stock opened at $31.01 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.18 billion, a PE ratio of 2.17 and a beta of 3.19. Vital Energy, Inc. has a 12 month low of $25.85 and a 12 month high of $58.30. The stock has a 50-day moving average price of $29.38 and a two-hundred day moving average price of $36.44.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The firm had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $5.16 earnings per share. Analysts expect that Vital Energy, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VTLE. KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Piper Sandler reduced their target price on Vital Energy from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. JPMorgan Chase & Co. reduced their target price on Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. BMO Capital Markets reduced their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Finally, Truist Financial reduced their price objective on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.09.

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.