Vital Energy, Inc. (NYSE:VTLE) CFO Bryan Lemmerman Sells 10,000 Shares

Vital Energy, Inc. (NYSE:VTLE) CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the sale, the chief financial officer now owns 97,556 shares in the company, valued at $2,022,335.88. This represents a 9.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Vital Energy Stock Down 7.5 %

Shares of VTLE stock opened at $19.98 on Friday. The company has a market capitalization of $761.58 million, a price-to-earnings ratio of -4.21 and a beta of 3.07. Vital Energy, Inc. has a one year low of $19.97 and a one year high of $58.30. The company’s fifty day moving average price is $30.93 and its 200-day moving average price is $30.27. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.03 by $0.27. The firm had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. Sell-side analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Siebert Williams Shank cut shares of Vital Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Raymond James decreased their price target on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Truist Financial decreased their price target on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Energy presently has an average rating of “Hold” and a consensus price target of $40.46.

Hedge Funds Weigh In On Vital Energy

Institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. purchased a new position in Vital Energy during the third quarter valued at $26,000. Sterling Capital Management LLC grew its stake in Vital Energy by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock valued at $28,000 after acquiring an additional 814 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after acquiring an additional 803 shares in the last quarter. R Squared Ltd purchased a new position in Vital Energy during the fourth quarter valued at $34,000. Finally, Quarry LP purchased a new position in Vital Energy during the fourth quarter valued at $37,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.