Russell Investments Group Ltd. Has $2.12 Million Holdings in Vital Energy, Inc. $VTLE

Russell Investments Group Ltd. raised its stake in Vital Energy, Inc. (NYSE:VTLE) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,020 shares of the company’s stock after buying an additional 1,992 shares during the quarter. Russell Investments Group Ltd. owned 0.26% of Vital Energy worth $2,122,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Vital Energy in the 4th quarter valued at approximately $37,000. BNP Paribas Financial Markets bought a new stake in Vital Energy in the fourth quarter worth approximately $123,000. Integrated Wealth Concepts LLC bought a new stake in Vital Energy in the fourth quarter worth approximately $211,000. GF Fund Management CO. LTD. bought a new stake in Vital Energy in the fourth quarter worth approximately $257,000. Finally, Guggenheim Capital LLC bought a new stake in Vital Energy in the fourth quarter worth approximately $261,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Price Performance

NYSE VTLE opened at $18.15 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $17.23 and a 200 day simple moving average of $18.86. The company has a market cap of $702.41 million, a P/E ratio of -0.92 and a beta of 1.60. Vital Energy, Inc. has a 1 year low of $12.30 and a 1 year high of $38.02.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. The business had revenue of $429.63 million during the quarter, compared to the consensus estimate of $481.25 million. Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. Vital Energy’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 EPS. On average, sell-side analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current year.

Insider Activity

In related news, major shareholder Richard D. Campbell sold 50,000 shares of the company’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $18.12, for a total transaction of $906,000.00. Following the completion of the sale, the insider directly owned 7,568,933 shares of the company’s stock, valued at approximately $137,149,065.96. This represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on VTLE shares. Mizuho decreased their target price on shares of Vital Energy from $29.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company reissued a “mixed” rating on shares of Vital Energy in a research report on Tuesday, July 15th. Raymond James Financial downgraded shares of Vital Energy from an “outperform” rating to an “underperform” rating in a research report on Tuesday, June 24th. Piper Sandler decreased their target price on shares of Vital Energy from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $28.20.

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.