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

Vital Energy, Inc. (NYSE:VTLE) COO Kathryn Anne Hill sold 5,673 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $117,601.29. Following the completion of the transaction, the chief operating officer now directly owns 46,413 shares in the company, valued at $962,141.49. This represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vital Energy Stock Up 6.1 %

NYSE:VTLE opened at $21.19 on Friday. The company’s 50-day simple moving average is $30.70 and its 200-day simple moving average is $30.16. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. Vital Energy, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $58.30. The stock has a market capitalization of $807.59 million, a P/E ratio of -4.46 and a beta of 3.07.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The company had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. On average, equities analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VTLE shares. JPMorgan Chase & Co. reduced their target price on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday. Mizuho lifted their target price on Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Piper Sandler dropped their price target on Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Citigroup downgraded Vital Energy to a “reduce” rating in a report on Wednesday, March 5th. Finally, Raymond James dropped their target price on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Vital Energy has a consensus rating of “Hold” and a consensus price target of $40.46.

Institutional Trading of Vital Energy

A number of institutional investors have recently made changes to their positions in the business. Woodline Partners LP purchased a new stake in Vital Energy in the fourth quarter valued at about $39,392,000. Condire Management LP acquired a new position in shares of Vital Energy during the fourth quarter valued at about $19,066,000. Freestone Grove Partners LP purchased a new position in shares of Vital Energy in the 4th quarter valued at approximately $15,995,000. State Street Corp raised its position in shares of Vital Energy by 14.4% in the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after purchasing an additional 220,871 shares during the last quarter. Finally, Barclays PLC boosted its stake in Vital Energy by 124.0% in the 3rd quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after purchasing an additional 187,503 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

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.