New York State Teachers Retirement System Purchases 1,193 Shares of Vital Energy, Inc. (NYSE:VTLE)

New York State Teachers Retirement System grew its position in Vital Energy, Inc. (NYSE:VTLE) by 9.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,192 shares of the company’s stock after acquiring an additional 1,193 shares during the period. New York State Teachers Retirement System’s holdings in Vital Energy were worth $600,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of VTLE. BluePath Capital Management LLC bought a new position in shares of Vital Energy in the 3rd quarter valued at $31,000. Ameritas Investment Partners Inc. bought a new position in shares of Vital Energy in the 2nd quarter valued at $58,000. PNC Financial Services Group Inc. bought a new position in shares of Vital Energy in the 2nd quarter valued at $67,000. Tower Research Capital LLC TRC bought a new position in shares of Vital Energy in the 2nd quarter valued at $71,000. Finally, Centerpoint Advisors LLC lifted its stake in shares of Vital Energy by 31.7% in the 3rd quarter. Centerpoint Advisors LLC now owns 2,075 shares of the company’s stock valued at $115,000 after acquiring an additional 500 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Vital Energy Stock Performance

Shares of Vital Energy stock opened at $53.26 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $50.66 and a two-hundred day moving average price of $47.92. Vital Energy, Inc. has a 1-year low of $40.00 and a 1-year high of $62.87. The company has a market cap of $1.95 billion, a P/E ratio of 1.62 and a beta of 3.24.

Vital Energy (NYSE:VTLE) last issued its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.44 by $0.11. The company had revenue of $444.52 million during the quarter, compared to the consensus estimate of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $3.49 EPS. As a group, analysts anticipate that Vital Energy, Inc. will post 9.45 EPS for the current year.

Analysts Set New Price Targets

VTLE has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Stifel Nicolaus lowered their target price on Vital Energy from $86.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Piper Sandler raised their target price on Vital Energy from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Wells Fargo & Company raised their target price on Vital Energy from $51.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Raymond James raised their target price on Vital Energy from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $58.30.

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.