Inceptionr LLC Invests $261,000 in Vital Energy, Inc. (NYSE:VTLE)

Inceptionr LLC purchased a new stake in Vital Energy, Inc. (NYSE:VTLE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 8,453 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Vital Energy by 14.4% in the third quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after buying an additional 220,871 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Vital Energy by 2.9% during the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock valued at $17,031,000 after acquiring an additional 17,782 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Vital Energy by 6.5% during the third quarter. Victory Capital Management Inc. now owns 576,470 shares of the company’s stock valued at $15,507,000 after acquiring an additional 35,133 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Vital Energy by 25.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company’s stock worth $15,611,000 after buying an additional 103,583 shares during the period. Finally, Tributary Capital Management LLC lifted its position in Vital Energy by 45.0% during the fourth 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 during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Stock Performance

Shares of NYSE VTLE opened at $20.96 on Monday. Vital Energy, Inc. has a one year low of $20.61 and a one year high of $58.30. The business’s 50-day moving average price is $31.74 and its two-hundred day moving average price is $30.62. The company has a market capitalization of $799.05 million, a P/E ratio of -4.41 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $534.37 million during the quarter, compared to analysts’ expectations of $550.90 million. Analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VTLE has been the topic of a number of research reports. Siebert Williams Shank downgraded Vital Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Truist Financial reduced their price objective on Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Mizuho lifted their target price on Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Finally, Piper Sandler decreased their target price on Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and a consensus price target of $43.27.

Vital Energy 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.