Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 33.4% during the third quarter, Holdings Channel.com reports. The firm owned 405,763 shares of the company’s stock after selling 203,200 shares during the period. Two Sigma Advisers LP’s holdings in Vital Energy were worth $10,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC boosted its holdings in Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 465 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Vital Energy in the third quarter worth about $26,000. International Assets Investment Management LLC boosted its stake 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 acquiring an additional 1,943 shares in the last quarter. Signaturefd LLC grew its position in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after acquiring an additional 1,630 shares during the period. Finally, nVerses Capital LLC increased its stake in shares of Vital Energy by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insiders Place Their Bets

In other Vital Energy news, COO Kathryn Anne Hill sold 2,023 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were 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 represents a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction of $285,400.00. Following the sale, the chief financial officer now owns 77,516 shares of the company’s stock, valued at approximately $2,212,306.64. This represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,168 shares of company stock valued at $502,017 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on VTLE shares. KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Piper Sandler dropped their price target on shares of Vital Energy from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Truist Financial reduced their price objective on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. lifted their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Mizuho reduced their price target on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Vital Energy has an average rating of “Hold” and a consensus price target of $47.00.

Vital Energy Stock Up 5.3 %

VTLE stock opened at $30.89 on Tuesday. 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 firm has a 50-day moving average of $29.66 and a two-hundred day moving average of $35.90. Vital Energy, Inc. has a 12 month low of $25.85 and a 12 month high of $58.30. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 2.16 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The firm had revenue of $459.23 million for the quarter, compared to the consensus estimate of $461.58 million. During the same quarter last year, the business posted $5.16 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that Vital Energy, Inc. will post 6.9 earnings per share for the current fiscal year.

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.