Brevan Howard Capital Management LP Decreases Holdings in Vital Energy, Inc. (NYSE:VTLE)

Brevan Howard Capital Management LP reduced its position in Vital Energy, Inc. (NYSE:VTLE) by 67.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,550 shares of the company’s stock after selling 19,692 shares during the period. Brevan Howard Capital Management LP’s holdings in Vital Energy were worth $295,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in shares of Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock valued at $28,000 after purchasing an additional 814 shares in the last quarter. R Squared Ltd acquired a new position in shares of Vital Energy during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC grew its holdings in Vital Energy by 276.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after buying an additional 803 shares during the last quarter. Quarry LP acquired a new stake in Vital Energy during the 4th quarter valued at $37,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Vital Energy by 247.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock worth $48,000 after buying an additional 1,106 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VTLE has been the topic of several recent research reports. Wells Fargo & Company reduced their price objective on Vital Energy from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Bank of America decreased their price target on shares of Vital Energy from $33.00 to $27.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 1st. Raymond James cut their price objective on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Siebert Williams Shank downgraded shares of Vital Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.36.

Vital Energy Stock Performance

NYSE:VTLE opened at $16.00 on Monday. The company has a market cap of $619.23 million, a P/E ratio of -3.37 and a beta of 1.53. The firm’s 50 day moving average is $17.56 and its two-hundred day moving average is $26.48. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $51.71. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE) last issued its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.27. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The business had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. Analysts expect that Vital Energy, Inc. will post 8.49 EPS for the current year.

Insider Transactions at Vital Energy

In other Vital Energy news, COO Kathryn Anne Hill sold 5,673 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $117,601.29. Following the transaction, the chief operating officer now directly owns 46,413 shares of the company’s stock, valued at $962,141.49. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Richard D. Campbell bought 5,000 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was bought at an average cost of $17.75 per share, with a total value of $88,750.00. Following the transaction, the insider now directly owns 43,072 shares of the company’s stock, valued at approximately $764,528. This trade represents a 13.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 21,647 shares of company stock worth $448,742 in the last three months. 1.50% of the stock is currently owned by company insiders.

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.