Vital Energy, Inc. (NYSE:VTLE) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP raised its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 34.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,518 shares of the company’s stock after buying an additional 5,801 shares during the quarter. Entropy Technologies LP owned about 0.06% of Vital Energy worth $606,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VTLE. CWM LLC lifted its stake in Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares during the last quarter. International Assets Investment Management LLC increased its stake in Vital Energy by 2,590.7% during the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after purchasing an additional 1,943 shares during the last quarter. Signaturefd LLC increased its stake in Vital Energy by 234.2% during the third quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after purchasing an additional 1,630 shares during the last quarter. nVerses Capital LLC increased its stake in Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Vital Energy during the second quarter valued at $147,000. Institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Up 2.5 %

VTLE opened at $31.16 on Friday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 2.18 and a beta of 3.16. Vital Energy, Inc. has a 1-year low of $25.85 and a 1-year high of $58.30. The business has a 50 day moving average of $28.38 and a 200-day moving average of $38.34. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The company had revenue of $459.23 million during the quarter, compared to analysts’ expectations of $461.58 million. During the same period last year, the business earned $5.16 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Vital Energy, Inc. will post 6.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Mizuho lowered their target price on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets lowered their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Truist Financial lowered their price target on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Wolfe Research started coverage on shares of Vital Energy in a research report on Thursday, July 18th. They set an “underperform” rating and a $50.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Vital Energy has an average rating of “Hold” and an average target price of $47.83.

Insider Transactions at Vital Energy

In other Vital Energy news, COO Kathryn Anne Hill sold 2,023 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $61,135.06. Following the sale, the chief operating officer now owns 29,091 shares in the company, valued at approximately $879,130.02. The trade was a 6.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. This trade represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,168 shares of company stock worth $502,017. 1.20% of the stock is currently owned by company insiders.

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.