Corebridge Financial Inc. Has $469,000 Holdings in Vital Energy, Inc. (NYSE:VTLE)

Corebridge Financial Inc. cut its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,170 shares of the company’s stock after selling 1,182 shares during the quarter. Corebridge Financial Inc.’s holdings in Vital Energy were worth $469,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Vital Energy by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company’s stock valued at $65,442,000 after acquiring an additional 62,771 shares in the last quarter. State Street Corp raised its stake in Vital Energy by 14.4% during 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 period. Geode Capital Management LLC lifted its holdings in shares of Vital Energy by 2.9% in the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock valued at $17,031,000 after purchasing an additional 17,782 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Vital Energy by 25.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company’s stock worth $15,611,000 after buying an additional 103,583 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Vital Energy by 11.8% during the fourth quarter. American Century Companies Inc. now owns 497,442 shares of the company’s stock valued at $15,381,000 after buying an additional 52,382 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Richard D. Campbell purchased 5,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was bought at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the completion of the acquisition, the insider now directly owns 43,072 shares of the company’s stock, valued at approximately $764,528. The trade was a 13.13 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kathryn Anne Hill sold 5,673 shares of Vital Energy stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the transaction, the chief operating officer now owns 46,413 shares in the company, valued at $962,141.49. The trade was a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,647 shares of company stock valued at $448,742 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VTLE. Siebert Williams Shank lowered Vital Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $62.00 to $27.00 in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their price target on shares of Vital Energy from $36.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, March 25th. Williams Trading set a $27.00 price objective on shares of Vital Energy in a research note on Wednesday, March 5th. Piper Sandler decreased their target price on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, Truist Financial dropped their price target on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $38.08.

Vital Energy Price Performance

NYSE VTLE opened at $12.94 on Wednesday. Vital Energy, Inc. has a fifty-two week low of $12.64 and a fifty-two week high of $58.30. The stock’s 50-day moving average is $25.28 and its two-hundred day moving average is $28.75. The firm has a market cap of $493.10 million, a P/E ratio of -2.72 and a beta of 2.82. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

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

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.