Vital Energy, Inc. (NYSE:VTLE) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 101.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,431 shares of the company’s stock after purchasing an additional 4,739 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vital Energy were worth $429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VTLE. AE Wealth Management LLC acquired a new position in shares of Vital Energy during the third quarter worth $517,000. SG Americas Securities LLC purchased a new stake in Vital Energy in the third quarter valued at $584,000. Denali Advisors LLC lifted its position in Vital Energy by 206.5% in the third quarter. Denali Advisors LLC now owns 14,100 shares of the company’s stock valued at $781,000 after acquiring an additional 9,500 shares during the last quarter. Maryland State Retirement & Pension System purchased a new stake in Vital Energy in the third quarter valued at $342,000. Finally, Bailard Inc. purchased a new stake in Vital Energy in the third quarter valued at $222,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Trading Down 0.9 %

Shares of Vital Energy stock opened at $54.64 on Friday. Vital Energy, Inc. has a 52-week low of $40.00 and a 52-week high of $62.87. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58. The company’s 50-day simple moving average is $51.69 and its 200-day simple moving average is $48.13. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 1.66 and a beta of 3.24.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share (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 in the previous year, the business posted $3.49 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Vital Energy, Inc. will post 9.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VTLE. Wells Fargo & Company boosted 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 report on Thursday, April 18th. Mizuho upped their target price on shares of Vital Energy from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Truist Financial reduced their target price on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a report on Friday, April 5th. Raymond James upped their target price on shares of Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.40.

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.