FNY Investment Advisers LLC Takes Position in Vital Energy, Inc. $VTLE

FNY Investment Advisers LLC acquired a new stake in shares of Vital Energy, Inc. (NYSE:VTLE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,640 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westwood Holdings Group Inc. grew its holdings in shares of Vital Energy by 48.3% in the first 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 in the last quarter. Ancient Art L.P. purchased a new position in shares of Vital Energy in the first quarter valued at $7,109,000. Jump Financial LLC grew its holdings in shares of Vital Energy by 939.7% in the first quarter. Jump Financial LLC now owns 261,721 shares of the company’s stock valued at $5,554,000 after purchasing an additional 236,548 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Vital Energy in the first quarter valued at $3,961,000. Finally, American Century Companies Inc. grew its holdings 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 in the last quarter. Institutional investors own 86.54% of the company’s stock.

Analyst Upgrades and Downgrades

VTLE has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Vital Energy in a report on Wednesday, October 8th. Zacks Research lowered shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Piper Sandler raised their target price on shares of Vital Energy from $16.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday. Wall Street Zen lowered shares of Vital Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Mizuho dropped 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. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vital Energy currently has an average rating of “Reduce” and an average target price of $27.33.

Vital Energy Stock Up 6.6%

NYSE VTLE opened at $16.12 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.10. The company has a fifty day moving average of $16.49 and a two-hundred day moving average of $16.55. The firm has a market capitalization of $623.75 million, a price-to-earnings ratio of -0.81 and a beta of 1.45. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $36.72.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. The company 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 earnings per share. On average, analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current 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.