New York State Teachers Retirement System Sells 2,654 Shares of Vital Energy, Inc. $VTLE

New York State Teachers Retirement System reduced its stake in Vital Energy, Inc. (NYSE:VTLE) by 20.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,590 shares of the company’s stock after selling 2,654 shares during the period. New York State Teachers Retirement System’s holdings in Vital Energy were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Bayforest Capital Ltd boosted its stake in shares of Vital Energy by 120.8% in the 2nd quarter. Bayforest Capital Ltd now owns 52,276 shares of the company’s stock valued at $841,000 after purchasing an additional 28,596 shares in the last quarter. CWM LLC boosted its stake in shares of Vital Energy by 1,520.8% in the 2nd quarter. CWM LLC now owns 14,474 shares of the company’s stock valued at $233,000 after purchasing an additional 13,581 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Vital Energy in the 2nd quarter valued at approximately $181,000. KLP Kapitalforvaltning AS boosted its stake in shares of Vital Energy by 110.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock valued at $135,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Vital Energy by 146.8% in the 2nd quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock valued at $75,000 after purchasing an additional 2,787 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Vital Energy from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Zacks Research downgraded shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Mizuho reduced their price target on shares of Vital Energy from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vital Energy presently has an average rating of “Reduce” and a consensus target price of $27.33.

Vital Energy Stock Up 6.6%

NYSE:VTLE opened at $16.12 on Friday. The firm’s 50 day simple moving average is $16.49 and its 200 day simple moving average is $16.55. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.79 and a quick ratio of 0.79. Vital Energy, Inc. has a one year low of $12.30 and a one year high of $36.72. The company has a market cap of $623.75 million, a PE ratio of -0.81 and a beta of 1.45.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 EPS. On average, research analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

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.