GAMMA Investing LLC Purchases 29,831 Shares of Vital Energy, Inc. (NYSE:VTLE)

GAMMA Investing LLC raised its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 3,678.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,642 shares of the company’s stock after acquiring an additional 29,831 shares during the period. GAMMA Investing LLC owned approximately 0.08% of Vital Energy worth $650,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GF Fund Management CO. LTD. bought a new position in shares of Vital Energy in the fourth quarter worth about $257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vital Energy by 7.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,724 shares of the company’s stock worth $826,000 after purchasing an additional 1,740 shares during the last quarter. Woodline Partners LP bought a new position in shares of Vital Energy in the fourth quarter worth about $39,392,000. iSAM Funds UK Ltd grew its holdings in shares of Vital Energy by 154.5% in the fourth quarter. iSAM Funds UK Ltd now owns 23,909 shares of the company’s stock worth $739,000 after purchasing an additional 14,516 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Vital Energy by 5.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock worth $68,466,000 after purchasing an additional 118,367 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Insider Buying and Selling at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott purchased 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the acquisition, the chief executive officer now owns 251,533 shares in the company, valued at $4,550,231.97. This represents a 2.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Richard D. Campbell purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the acquisition, the insider now owns 43,072 shares in the company, valued at $764,528. This trade represents a 13.13% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Vital Energy Stock Performance

VTLE stock opened at $21.02 on Thursday. The firm has a market cap of $814.98 million, a price-to-earnings ratio of -6.22 and a beta of 1.59. The firm has a 50-day simple moving average of $16.13 and a two-hundred day simple moving average of $24.05. Vital Energy, Inc. has a one year low of $12.30 and a one year high of $47.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Monday, May 12th. The company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.11 by $0.26. The business had revenue of $512.18 million during the quarter, compared to analyst estimates of $528.76 million. Vital Energy had a negative net margin of 6.37% and a positive return on equity of 10.34%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, equities analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VTLE shares. Williams Trading set a $27.00 price target on shares of Vital Energy in a report on Wednesday, March 5th. Piper Sandler lowered their price objective on shares of Vital Energy from $23.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Mizuho lowered their price objective on shares of Vital Energy from $29.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their price objective on shares of Vital Energy from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Raymond James Financial lowered their price objective on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, March 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.09.

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.