Vital Energy, Inc. $VTLE Position Raised by Western Wealth Management LLC

Western Wealth Management LLC grew its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 22.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,826 shares of the company’s stock after acquiring an additional 3,135 shares during the quarter. Western Wealth Management LLC’s holdings in Vital Energy were worth $271,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Westwood Holdings Group Inc. lifted its position in Vital Energy by 48.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,284,584 shares of the company’s stock valued at $69,699,000 after purchasing an additional 1,070,289 shares during the last quarter. Vanguard Group Inc. grew its position in Vital Energy by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company’s stock worth $45,895,000 after purchasing an additional 46,300 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Vital Energy by 35.8% in the first quarter. American Century Companies Inc. now owns 675,293 shares of the company’s stock valued at $14,330,000 after purchasing an additional 177,851 shares during the period. Geode Capital Management LLC raised its holdings in shares of Vital Energy by 2.8% during the second quarter. Geode Capital Management LLC now owns 673,154 shares of the company’s stock valued at $10,833,000 after buying an additional 18,602 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Vital Energy by 16.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company’s stock valued at $12,492,000 after buying an additional 83,788 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Stock Performance

Shares of NYSE VTLE opened at $17.19 on Thursday. Vital Energy, Inc. has a 1 year low of $12.30 and a 1 year high of $36.72. The firm has a market cap of $664.89 million, a P/E ratio of -0.87 and a beta of 1.39. The stock has a fifty day moving average price of $16.41 and a two-hundred day moving average price of $16.79. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.07). Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The firm had revenue of $420.83 million during the quarter, compared to analyst estimates of $458.87 million. During the same quarter last year, the company earned $1.61 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup reissued a “neutral” rating on shares of Vital Energy in a report on Monday. Mizuho increased their price target on Vital Energy from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Piper Sandler lowered their price target on Vital Energy from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday. Zacks Research cut shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company decreased their target price on shares of Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $27.00.

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.