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 business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the transaction, the chief financial officer now directly owns 97,556 shares of the company’s stock, valued at approximately $2,022,335.88. This represents a 9.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vital Energy Price Performance

NYSE VTLE traded down $1.61 on Thursday, reaching $19.98. The company’s stock had a trading volume of 1,335,512 shares, compared to its average volume of 942,447. The firm has a market cap of $761.58 million, a PE ratio of -4.21 and a beta of 3.07. The business has a 50-day moving average price of $30.93 and a 200 day moving average price of $30.27. Vital Energy, Inc. has a 52 week low of $19.98 and a 52 week high of $58.30. 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 posted its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27. The business had revenue of $534.37 million for the quarter, compared to analysts’ expectations of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. Sell-side analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on VTLE. Truist Financial cut their target price on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company boosted their target price on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Citigroup lowered shares of Vital Energy to a “reduce” rating in a research report on Wednesday, March 5th. Finally, Williams Trading set a $27.00 price objective on shares of Vital Energy in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.46.

Institutional Trading of Vital Energy

Several large investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. grew its stake in Vital Energy by 5.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock worth $68,466,000 after buying an additional 118,367 shares during the last quarter. Vanguard Group Inc. grew its stake in Vital Energy by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company’s stock worth $65,442,000 after buying an additional 62,771 shares during the last quarter. State Street Corp grew its stake in Vital Energy by 14.4% during the third 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in Vital Energy by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company’s stock worth $43,157,000 after buying an additional 9,676 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in Vital Energy during the fourth quarter worth about $39,392,000. 86.54% of the stock is owned by institutional investors.

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.