Vital Energy, Inc. $VTLE Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC boosted its holdings in Vital Energy, Inc. (NYSE:VTLE) by 22.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,826 shares of the company’s stock after purchasing an additional 3,135 shares during the period. Western Wealth Management LLC’s holdings in Vital Energy were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of VTLE. Parallel Advisors LLC raised its position in shares of Vital Energy by 58.7% in the 2nd quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $32,000 after purchasing an additional 740 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vital Energy during the second quarter worth approximately $58,000. Signaturefd LLC increased its stake in shares of Vital Energy by 146.8% in the second quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock worth $75,000 after buying an additional 2,787 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Vital Energy by 249.3% in the second quarter. GAMMA Investing LLC now owns 5,044 shares of the company’s stock worth $81,000 after buying an additional 3,600 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Vital Energy by 12,277.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 5,446 shares of the company’s stock valued at $88,000 after acquiring an additional 5,402 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler decreased their price objective on shares of Vital Energy from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday. Mizuho upped their target price on shares of Vital Energy from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Wall Street Zen downgraded Vital Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “sell (d)” rating on shares of Vital Energy in a research note on Wednesday, October 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Vital Energy in a report on Monday. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $27.00.

Vital Energy Trading Up 0.1%

NYSE VTLE opened at $17.19 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current 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 50-day simple moving average of $16.41 and a 200-day simple moving average of $16.79. The firm has a market capitalization of $664.89 million, a PE ratio of -0.87 and a beta of 1.39.

Vital Energy (NYSE:VTLE) last issued its earnings results on Monday, November 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.07). Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.The business had revenue of $420.83 million during the quarter, compared to the consensus estimate of $458.87 million. During the same period in the prior year, the business earned $1.61 EPS. The business’s revenue was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Vital Energy 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.