Peregrine Capital Management LLC Decreases Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Peregrine Capital Management LLC lowered its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,738 shares of the company’s stock after selling 5,864 shares during the period. Peregrine Capital Management LLC owned about 0.42% of Vital Energy worth $5,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VTLE. First Horizon Advisors Inc. purchased a new stake in shares of Vital Energy in the third quarter valued at about $26,000. Nisa Investment Advisors LLC raised its position in shares of Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after buying an additional 803 shares during the last quarter. R Squared Ltd acquired a new position in shares of Vital Energy in the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Vital Energy by 247.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock valued at $48,000 after buying an additional 1,106 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after buying an additional 1,943 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Truist Financial boosted their price objective on shares of Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Piper Sandler boosted their price objective on shares of Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Mizuho upped their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.90.

Vital Energy Stock Performance

Shares of VTLE stock opened at $35.11 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. Vital Energy, Inc. has a one year low of $25.85 and a one year high of $58.30. The company has a 50 day moving average price of $32.65 and a 200 day moving average price of $31.61. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 2.46 and a beta of 3.12.

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.27. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. Sell-side analysts anticipate that Vital Energy, Inc. will post 7.22 EPS for the current 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.