Vital Energy, Inc. (NYSE:VTLE) COO Kathryn Anne Hill Sells 5,673 Shares of Stock

Vital Energy, Inc. (NYSE:VTLE) COO Kathryn Anne Hill sold 5,673 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $117,601.29. Following the sale, the chief operating officer now owns 46,413 shares in the company, valued at approximately $962,141.49. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vital Energy Stock Down 7.5 %

NYSE:VTLE opened at $19.98 on Friday. The company’s 50 day moving average is $30.93 and its two-hundred day moving average is $30.27. The company has a market cap of $761.58 million, a PE ratio of -4.21 and a beta of 3.07. Vital Energy, Inc. has a twelve month low of $19.97 and a twelve month 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 issued 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 company had revenue of $534.37 million during the quarter, compared to analysts’ expectations of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Analysts anticipate that Vital Energy, Inc. will post 8.49 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

Large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in Vital Energy during the third quarter valued at $26,000. Sterling Capital Management LLC boosted its position in Vital Energy by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock worth $28,000 after purchasing an additional 814 shares in the last quarter. Nisa Investment Advisors LLC grew 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 valued at $34,000 after purchasing an additional 803 shares during the period. R Squared Ltd purchased a new stake in shares of Vital Energy in the fourth quarter valued at approximately $34,000. Finally, Quarry LP purchased a new stake in shares of Vital Energy in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VTLE. Wells Fargo & Company increased their price target on Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Mizuho lifted their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Siebert Williams Shank downgraded shares of Vital Energy from a “buy” rating to a “hold” rating and cut their price target for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, Piper Sandler decreased their price objective on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.46.

About Vital Energy

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.