GAMMA Investing LLC Boosts Position in Vital Energy, Inc. $VTLE

GAMMA Investing LLC lifted its position in Vital Energy, Inc. (NYSE:VTLE) by 249.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,044 shares of the company’s stock after buying an additional 3,600 shares during the quarter. GAMMA Investing LLC’s holdings in Vital Energy were worth $81,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in Vital Energy by 27.0% during the 1st quarter. Public Sector Pension Investment Board now owns 85,483 shares of the company’s stock worth $1,814,000 after acquiring an additional 18,171 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Vital Energy by 53.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company’s stock valued at $311,000 after purchasing an additional 5,079 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Vital Energy by 2.2% in the first 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. PDT Partners LLC purchased a new stake in shares of Vital Energy in the first quarter worth $3,961,000. Finally, Jump Financial LLC raised its position in shares of Vital Energy by 939.7% in the first quarter. Jump Financial LLC now owns 261,721 shares of the company’s stock worth $5,554,000 after buying an additional 236,548 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Mizuho reduced their target price on Vital Energy from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Raymond James Financial lowered Vital Energy from an “outperform” rating to an “underperform” rating in a report on Tuesday, June 24th. Piper Sandler decreased their price objective on shares of Vital Energy from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, August 14th. Zacks Research upgraded shares of Vital Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, Wells Fargo & Company reissued a “mixed” rating on shares of Vital Energy in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $27.80.

Insiders Place Their Bets

In related news, major shareholder Richard D. Campbell sold 50,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 7,568,933 shares in the company, valued at $137,149,065.96. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Vital Energy Price Performance

Shares of NYSE:VTLE opened at $16.23 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.10. The stock has a market cap of $628.24 million, a PE ratio of -0.82 and a beta of 1.46. The company’s fifty day moving average is $16.73 and its 200 day moving average is $17.00. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $36.72.

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

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.