State of Alaska Department of Revenue Increases Stake in Vital Energy, Inc. $VTLE

State of Alaska Department of Revenue lifted its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,190 shares of the company’s stock after buying an additional 1,249 shares during the quarter. State of Alaska Department of Revenue’s holdings in Vital Energy were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of Vital Energy by 58.7% during the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $32,000 after buying an additional 740 shares during the period. GAMMA Investing LLC grew its holdings in Vital Energy by 249.3% in the second quarter. GAMMA Investing LLC now owns 5,044 shares of the company’s stock worth $81,000 after purchasing an additional 3,600 shares during the period. Caption Management LLC purchased a new stake in Vital Energy in the first quarter worth about $149,000. Range Financial Group LLC purchased a new stake in Vital Energy in the second quarter worth about $205,000. Finally, Picton Mahoney Asset Management purchased a new stake in Vital Energy in the first quarter worth about $225,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Down 8.9%

VTLE opened at $15.34 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $36.72. The company has a market capitalization of $593.66 million, a PE ratio of -0.78 and a beta of 1.45. The firm’s 50 day simple moving average is $16.47 and its two-hundred day simple moving average is $16.77.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VTLE. Wall Street Zen cut shares of Vital Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Vital Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. Mizuho cut their price objective on shares of Vital Energy from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Raymond James Financial cut shares of Vital Energy from an “outperform” rating to an “underperform” rating in a report on Tuesday, June 24th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Vital Energy in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Vital Energy has a consensus rating of “Reduce” and an average price target of $26.44.

Vital Energy Company 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.