Arizona State Retirement System Has $258,000 Stake in Vital Energy, Inc. (NYSE:VTLE)

Arizona State Retirement System increased its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,670 shares of the company’s stock after acquiring an additional 905 shares during the period. Arizona State Retirement System’s holdings in Vital Energy were worth $258,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new position in Vital Energy during the third quarter worth $31,000. Ameritas Investment Partners Inc. acquired a new position in Vital Energy during the second quarter worth $58,000. PNC Financial Services Group Inc. acquired a new position in Vital Energy during the second quarter worth $67,000. Tower Research Capital LLC TRC acquired a new position in Vital Energy during the second quarter worth $71,000. Finally, Centerpoint Advisors LLC boosted its holdings in Vital Energy by 31.7% during the third quarter. Centerpoint Advisors LLC now owns 2,075 shares of the company’s stock worth $115,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. KeyCorp cut their price target on shares of Vital Energy from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Raymond James increased their price target on shares of Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Wells Fargo & Company increased their price target on shares of Vital Energy from $51.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday. Truist Financial cut their price target on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Vital Energy presently has a consensus rating of “Hold” and a consensus target price of $58.10.

Vital Energy Price Performance

Shares of VTLE opened at $53.79 on Monday. The firm has a market capitalization of $1.97 billion, a PE ratio of 1.64 and a beta of 3.24. The company’s 50-day moving average is $50.87 and its 200-day moving average is $47.92. Vital Energy, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The business had revenue of $444.52 million for the quarter, compared to analyst estimates of $440.85 million. During the same period last year, the firm earned $3.49 earnings per share. Vital Energy’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities analysts forecast that Vital Energy, Inc. will post 9.48 EPS for the current year.

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.