12,341 Shares in Vital Energy, Inc. (NYSE:VTLE) Acquired by First National Bank of Omaha

First National Bank of Omaha bought a new stake in shares of Vital Energy, Inc. (NYSE:VTLE) in the third quarter, Holdings Channel reports. The firm bought 12,341 shares of the company’s stock, valued at approximately $332,000.

Other institutional investors also recently modified their holdings of the company. Edgestream Partners L.P. acquired a new stake in shares of Vital Energy during the 2nd quarter valued at $4,250,000. Raymond James & Associates boosted its stake in shares of Vital Energy by 96.8% during the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock valued at $3,905,000 after buying an additional 71,385 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Vital Energy by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after purchasing an additional 282,574 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Vital Energy by 52.3% during the 2nd quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock valued at $2,964,000 after purchasing an additional 22,711 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Vital Energy by 800.9% during the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after purchasing an additional 481,248 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Stock Performance

NYSE:VTLE opened at $30.89 on Tuesday. The firm’s 50-day moving average is $29.66 and its 200-day moving average is $35.90. Vital Energy, Inc. has a 52-week low of $25.85 and a 52-week high of $58.30. 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 company has a market cap of $1.18 billion, a price-to-earnings ratio of 2.16 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) 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 company had revenue of $459.23 million for the quarter, compared to the consensus estimate of $461.58 million. During the same quarter in the previous year, the firm posted $5.16 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Vital Energy, Inc. will post 6.9 earnings per share for the current year.

Insider Transactions at Vital Energy

In other news, EVP Mark David Denny sold 5,145 shares of Vital Energy stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $155,481.90. Following the sale, the executive vice president now directly owns 26,358 shares in the company, valued at approximately $796,538.76. The trade was a 16.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction of $285,400.00. Following the sale, the chief financial officer now owns 77,516 shares in the company, valued at approximately $2,212,306.64. This trade represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,168 shares of company stock worth $502,017. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VTLE has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of Vital Energy from $29.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised 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. Truist Financial cut their price target on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Piper Sandler cut their price target on shares of Vital Energy from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Finally, BMO Capital Markets cut their price target on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $47.00.

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.