Bayforest Capital Ltd Purchases New Stake in Vital Energy, Inc. $VTLE

Bayforest Capital Ltd acquired a new position in shares of Vital Energy, Inc. (NYSE:VTLE) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 23,680 shares of the company’s stock, valued at approximately $502,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in Vital Energy during the fourth quarter worth $123,000. Caption Management LLC bought a new stake in shares of Vital Energy during the 1st quarter worth $149,000. Picton Mahoney Asset Management acquired a new stake in Vital Energy in the first quarter valued at about $225,000. GF Fund Management CO. LTD. bought a new position in Vital Energy in the fourth quarter valued at about $257,000. Finally, ProShare Advisors LLC acquired a new position in Vital Energy during the fourth quarter worth about $266,000. Institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Down 0.5%

Vital Energy stock opened at $15.67 on Wednesday. The firm has a market cap of $606.43 million, a price-to-earnings ratio of -0.79 and a beta of 1.62. Vital Energy, Inc. has a 52-week low of $12.30 and a 52-week high of $36.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a 50 day moving average price of $16.95 and a two-hundred day moving average price of $17.73.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, August 6th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The business had revenue of $429.63 million during the quarter, compared to the consensus estimate of $481.25 million. Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. Vital Energy’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 earnings per share. Equities analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho lowered their price objective on shares of Vital Energy from $29.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Raymond James Financial cut Vital Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. Wall Street Zen lowered Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Piper Sandler dropped their target price on Vital Energy from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Finally, Wells Fargo & Company restated a “mixed” rating on shares of Vital Energy in a report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Vital Energy presently has a consensus rating of “Reduce” and an average target price of $28.20.

Insider Activity

In related news, major shareholder Richard D. Campbell sold 250,000 shares of the company’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $18.25, for a total transaction of $4,562,500.00. Following the sale, the insider owned 7,618,933 shares in the company, valued at $139,045,527.25. This represents a 3.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by corporate 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.