Northern Trust Corp Boosts Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Northern Trust Corp grew its holdings in Vital Energy, Inc. (NYSE:VTLE) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 304,345 shares of the company’s stock after purchasing an additional 38,537 shares during the quarter. Northern Trust Corp owned approximately 0.80% of Vital Energy worth $9,410,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Quarry LP purchased a new stake in shares of Vital Energy during the 4th quarter worth $37,000. Susquehanna Fundamental Investments LLC bought a new position in Vital Energy in the fourth quarter worth about $1,175,000. Nebula Research & Development LLC lifted its position in shares of Vital Energy by 37.4% during the fourth quarter. Nebula Research & Development LLC now owns 27,468 shares of the company’s stock valued at $849,000 after buying an additional 7,470 shares during the last quarter. Oberweis Asset Management Inc. lifted its position in shares of Vital Energy by 48.1% during the fourth quarter. Oberweis Asset Management Inc. now owns 168,700 shares of the company’s stock valued at $5,216,000 after buying an additional 54,800 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Vital Energy in the 4th quarter valued at about $211,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Insider Buying and Selling

In other news, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $207,300.00. Following the sale, the chief financial officer now owns 97,556 shares of the company’s stock, valued at $2,022,335.88. This trade represents a 9.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Richard D. Campbell bought 5,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of $17.75 per share, with a total value of $88,750.00. Following the completion of the acquisition, the insider now owns 43,072 shares in the company, valued at approximately $764,528. This represents a 13.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 21,647 shares of company stock valued at $448,742 over the last 90 days. Insiders own 1.50% of the company’s stock.

Vital Energy Stock Down 1.8%

Shares of VTLE stock opened at $16.42 on Friday. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $51.71. The firm has a market capitalization of $636.53 million, a PE ratio of -3.46 and a beta of 1.53. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The stock’s 50-day simple moving average is $17.19 and its 200-day simple moving average is $26.14.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Monday, May 12th. The company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.26. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The company had revenue of $512.18 million for the quarter, compared to the consensus estimate of $528.76 million. During the same quarter in the prior year, the company earned $1.84 EPS. Vital Energy’s quarterly revenue was up 6.2% on a year-over-year basis. Equities analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial reduced their price objective on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Williams Trading set a $27.00 price target on Vital Energy in a research report on Wednesday, March 5th. Raymond James decreased their price objective on Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Bank of America lowered their price objective on Vital Energy from $33.00 to $27.00 and set an “underperform” rating for the company in a research report on Tuesday, April 1st. Finally, Citigroup lowered Vital Energy to a “reduce” rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and an average price target of $30.36.

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.