M. Jason Pigott Purchases 5,500 Shares of Vital Energy, Inc. (NYSE:VTLE) Stock

Vital Energy, Inc. (NYSE:VTLE) CEO M. Jason Pigott acquired 5,500 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $18.09 per share, for a total transaction of $99,495.00. Following the completion of the transaction, the chief executive officer now owns 251,533 shares of the company’s stock, valued at approximately $4,550,231.97. This trade represents a 2.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Vital Energy Trading Down 1.8%

Shares of NYSE VTLE opened at $16.42 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The business’s 50 day moving average price is $17.19 and its 200-day moving average price is $26.15. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $51.71. The company has a market cap of $636.53 million, a price-to-earnings ratio of -3.46 and a beta of 1.53.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Monday, May 12th. The company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.26. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The firm had revenue of $512.18 million for the quarter, compared to the consensus estimate of $528.76 million. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VTLE. Sterling Capital Management LLC grew its stake in Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock worth $28,000 after purchasing an additional 814 shares in the last quarter. R Squared Ltd bought a new position in Vital Energy in the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC grew its stake in Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after purchasing an additional 803 shares in the last quarter. Quarry LP bought a new position in Vital Energy in the fourth quarter worth approximately $37,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Vital Energy by 247.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock worth $48,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

VTLE has been the topic of a number of recent research reports. Williams Trading set a $27.00 price objective on Vital Energy in a research report on Wednesday, March 5th. Citigroup downgraded Vital Energy to a “reduce” rating 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. Piper Sandler decreased their price objective on Vital Energy from $23.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Raymond James decreased their price objective on Vital Energy from $44.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, March 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.36.

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.