Barclays PLC Grows Position in Vital Energy, Inc. (NYSE:VTLE)

Barclays PLC grew its stake in Vital Energy, Inc. (NYSE:VTLE) by 124.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,675 shares of the company’s stock after buying an additional 187,503 shares during the quarter. Barclays PLC owned approximately 0.89% of Vital Energy worth $9,110,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 465 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in Vital Energy during the 3rd quarter valued at approximately $26,000. International Assets Investment Management LLC boosted its holdings in shares of Vital Energy by 2,590.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after acquiring an additional 1,943 shares during the last quarter. Signaturefd LLC increased its stake in shares of Vital Energy by 234.2% in the third quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after acquiring an additional 1,630 shares during the period. Finally, nVerses Capital LLC raised its holdings in shares of Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. BMO Capital Markets dropped their target price on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Piper Sandler decreased their price target on Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their price objective on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Truist Financial cut their target price on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a report on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.00.

Vital Energy Price Performance

Shares of NYSE VTLE opened at $29.45 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a fifty day moving average of $29.81 and a 200 day moving average of $35.17. The firm has a market cap of $1.12 billion, a PE ratio of 2.06 and a beta of 3.19. Vital Energy, Inc. has a one year low of $25.85 and a one year high of $58.30.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The firm had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. During the same quarter in the prior year, the firm earned $5.16 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts predict that Vital Energy, Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity

In other Vital Energy news, EVP Mark David Denny sold 5,145 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $155,481.90. Following the transaction, the executive vice president now directly owns 26,358 shares of the company’s stock, valued at $796,538.76. This trade represents a 16.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kathryn Anne Hill sold 2,023 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the completion of the sale, the chief operating officer now directly owns 29,091 shares of the company’s stock, valued at approximately $879,130.02. This represents a 6.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,168 shares of company stock worth $502,017 over the last quarter. 1.20% of the stock is currently owned by corporate 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.