Texas Permanent School Fund Corp Acquires Shares of 18,111 Vital Energy, Inc. (NYSE:VTLE)

Texas Permanent School Fund Corp acquired a new stake in Vital Energy, Inc. (NYSE:VTLE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,111 shares of the company’s stock, valued at approximately $818,000. Texas Permanent School Fund Corp owned about 0.10% of Vital Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VTLE. Bank of New York Mellon Corp acquired a new stake in shares of Vital Energy in the 2nd quarter valued at about $8,107,000. Hussman Strategic Advisors Inc. acquired a new stake in Vital Energy during the second quarter worth about $3,454,000. EA Series Trust acquired a new stake in shares of Vital Energy in the second quarter valued at approximately $1,995,000. Shell Asset Management Co. acquired a new stake in shares of Vital Energy in the second quarter valued at approximately $1,823,000. Finally, Virtu Financial LLC bought a new position in shares of Vital Energy in the second quarter valued at approximately $993,000. 86.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. TheStreet raised shares of Vital Energy from a “c” rating to a “b-” rating in a research note on Tuesday, August 8th. Mizuho increased their target price on shares of Vital Energy from $54.00 to $63.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $122.00 target price on shares of Vital Energy in a research report on Thursday, September 14th. Piper Sandler cut their target price on shares of Vital Energy from $64.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. Finally, Citigroup assumed coverage on shares of Vital Energy in a research report on Monday. They issued a “buy” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.50.

Insider Activity

In related news, SVP Mark David Denny sold 5,496 shares of Vital Energy stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $54.75, for a total value of $300,906.00. Following the transaction, the senior vice president now owns 18,494 shares in the company, valued at approximately $1,012,546.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Vital Energy Stock Up 0.2 %

Vital Energy stock opened at $46.67 on Tuesday. The company has a market capitalization of $1.34 billion, a P/E ratio of 1.53 and a beta of 3.27. The firm’s fifty day simple moving average is $51.56 and its 200-day simple moving average is $49.89. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.09. Vital Energy, Inc. has a 1-year low of $39.74 and a 1-year high of $65.08.

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.