MYDA Advisors LLC Takes Position in Vital Energy, Inc. (NYSE:VTLE)

MYDA Advisors LLC bought a new stake in Vital Energy, Inc. (NYSE:VTLE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,400 shares of the company’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC lifted its position in shares of Vital Energy by 805.9% during the 4th quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock worth $28,000 after buying an additional 814 shares during the period. R Squared Ltd acquired a new position in Vital Energy in the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC increased its holdings in shares of Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after buying an additional 803 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake 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 acquiring an additional 1,106 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Vital Energy during the 4th quarter worth approximately $96,000. Institutional investors own 86.54% of the company’s stock.

Vital Energy Trading Up 6.3 %

VTLE opened at $15.17 on Friday. The firm’s fifty day moving average is $22.05 and its two-hundred day moving average is $27.91. The firm has a market cap of $578.10 million, a PE ratio of -3.19 and a beta of 2.82. Vital Energy, Inc. has a twelve month low of $12.30 and a twelve month high of $55.87. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78.

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

Wall Street Analysts Forecast Growth

VTLE has been the subject of a number of research analyst reports. Piper Sandler cut their price target on Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Siebert Williams Shank cut shares of Vital Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $62.00 to $27.00 in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their price objective on Vital Energy from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Bank of America decreased their price target on Vital Energy from $33.00 to $27.00 and set an “underperform” rating on the stock in a report on Tuesday, April 1st. Finally, Williams Trading set a $27.00 price objective on Vital Energy in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.08.

Insider Transactions at Vital Energy

In related news, COO Kathryn Anne Hill sold 5,673 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the transaction, the chief operating officer now directly owns 46,413 shares of the company’s stock, valued at approximately $962,141.49. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Richard D. Campbell bought 5,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of $17.75 per share, with a total value of $88,750.00. Following the acquisition, the insider now owns 43,072 shares in the company, valued at approximately $764,528. This represents a 13.13 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 21,647 shares of company stock valued at $448,742 over the last 90 days. 1.20% of the stock is owned by company insiders.

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.