Swiss National Bank Buys 10,400 Shares of Vital Energy, Inc. $VTLE

Swiss National Bank boosted its holdings in Vital Energy, Inc. (NYSE:VTLE) by 23.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,500 shares of the company’s stock after purchasing an additional 10,400 shares during the quarter. Swiss National Bank owned approximately 0.14% of Vital Energy worth $1,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in Vital Energy by 16.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company’s stock worth $12,492,000 after purchasing an additional 83,788 shares during the period. Vanguard Group Inc. boosted its stake in Vital Energy by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company’s stock worth $45,895,000 after purchasing an additional 46,300 shares during the period. Westwood Holdings Group Inc. boosted its stake in Vital Energy by 48.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,284,584 shares of the company’s stock worth $69,699,000 after purchasing an additional 1,070,289 shares during the period. Bayforest Capital Ltd bought a new position in Vital Energy in the 1st quarter worth approximately $502,000. Finally, GSA Capital Partners LLP bought a new position in Vital Energy in the 1st quarter worth approximately $768,000. 86.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Richard D. Campbell sold 50,000 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $18.12, for a total transaction of $906,000.00. Following the sale, the insider owned 7,568,933 shares in the company, 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 SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on VTLE shares. Wells Fargo & Company restated a “mixed” rating on shares of Vital Energy in a research note on Tuesday, July 15th. Mizuho dropped their price target on Vital Energy from $29.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Raymond James Financial downgraded Vital Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. Piper Sandler lowered their target price on 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 Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $28.20.

Vital Energy Stock Up 14.9%

NYSE VTLE opened at $18.15 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $702.41 million, a P/E ratio of -0.92 and a beta of 1.60. Vital Energy, Inc. has a one year low of $12.30 and a one year high of $38.02. The stock has a 50 day moving average price of $17.23 and a 200-day moving average price of $18.86.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.The company had revenue of $429.63 million for the quarter, compared to analyst estimates of $481.25 million. During the same quarter in the prior year, the firm posted $1.46 EPS. Vital Energy’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, equities analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

About Vital Energy

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.