Vital Energy, Inc. $VTLE Stake Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 45.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,997 shares of the company’s stock after buying an additional 31,005 shares during the period. Envestnet Asset Management Inc.’s holdings in Vital Energy were worth $1,593,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in Vital Energy by 58.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $32,000 after acquiring an additional 740 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Vital Energy in the second quarter worth $58,000. Signaturefd LLC increased its holdings in shares of Vital Energy by 146.8% during the second quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock valued at $75,000 after purchasing an additional 2,787 shares during the period. GAMMA Investing LLC raised its stake in shares of Vital Energy by 249.3% during the second quarter. GAMMA Investing LLC now owns 5,044 shares of the company’s stock valued at $81,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted 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 worth $88,000 after purchasing an additional 5,402 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Stock Up 0.1%

VTLE stock opened at $17.19 on Thursday. The firm has a market cap of $664.89 million, a PE ratio of -0.87 and a beta of 1.39. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $36.72. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $16.41 and a 200 day simple moving average of $16.79.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.07). Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The company 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 company posted $1.61 EPS. Vital Energy’s quarterly revenue was down 8.4% on a year-over-year basis. Equities research analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research cut shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Vital Energy in a report on Wednesday, October 8th. Piper Sandler dropped their target price on Vital Energy from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday. Wall Street Zen downgraded Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Mizuho lifted their price target on Vital Energy from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Vital Energy has an average rating of “Reduce” and a consensus price target of $27.00.

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.