New York State Teachers Retirement System Has $170,000 Stake in Vital Energy, Inc. $VTLE

New York State Teachers Retirement System lowered its position in Vital Energy, Inc. (NYSE:VTLE) by 20.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,590 shares of the company’s stock after selling 2,654 shares during the period. New York State Teachers Retirement System’s holdings in Vital Energy were worth $170,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayforest Capital Ltd lifted its position in shares of Vital Energy by 120.8% in the 2nd quarter. Bayforest Capital Ltd now owns 52,276 shares of the company’s stock worth $841,000 after purchasing an additional 28,596 shares during the period. CWM LLC increased its stake in shares of Vital Energy by 1,520.8% in the 2nd quarter. CWM LLC now owns 14,474 shares of the company’s stock valued at $233,000 after acquiring an additional 13,581 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Vital Energy in the 2nd quarter valued at $181,000. KLP Kapitalforvaltning AS increased its stake in shares of Vital Energy by 110.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock valued at $135,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Vital Energy by 146.8% in the 2nd quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock valued at $75,000 after acquiring an additional 2,787 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

VTLE has been the subject of several research analyst reports. Wall Street Zen lowered shares of Vital Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Mizuho lowered their price objective on shares of Vital Energy from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Wells Fargo & Company lowered their price objective on shares of Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Zacks Research lowered shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Vital Energy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $27.33.

Vital Energy Stock Performance

Shares of VTLE stock opened at $16.12 on Friday. The firm has a market capitalization of $623.75 million, a PE ratio of -0.81 and a beta of 1.45. The firm has a fifty day simple moving average of $16.49 and a two-hundred day simple moving average of $16.55. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $36.72.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The business had revenue of $429.63 million during the quarter, compared to analyst estimates 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 in the previous year, the business posted $1.46 EPS. Analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

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.