Deuterium Capital Management LLC Takes Position in Vital Energy, Inc. (NYSE:VTLE)

Deuterium Capital Management LLC purchased a new position in shares of Vital Energy, Inc. (NYSE:VTLE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,000 shares of the company’s stock, valued at approximately $271,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EA Series Trust acquired a new stake in Vital Energy during the second quarter valued at approximately $1,995,000. Bank of New York Mellon Corp bought a new stake in shares of Vital Energy in the 2nd quarter valued at approximately $8,107,000. American International Group Inc. acquired a new stake in shares of Vital Energy during the 2nd quarter valued at approximately $414,000. Shell Asset Management Co. bought a new position in Vital Energy during the second quarter worth $1,823,000. Finally, Barclays PLC bought a new position in Vital Energy during the second quarter worth $942,000. Institutional investors own 86.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VTLE. Wells Fargo & Company began coverage on shares of Vital Energy in a research note on Wednesday, November 15th. They set an “equal weight” rating and a $50.00 target price for the company. Citigroup assumed coverage on shares of Vital Energy in a research report on Monday. They set a “buy” rating and a $60.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $122.00 target price on shares of Vital Energy in a report on Thursday, September 14th. Raymond James upped their target price on Vital Energy from $54.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, September 19th. Finally, Piper Sandler dropped their price target on Vital Energy from $64.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vital Energy presently has an average rating of “Hold” and a consensus target price of $69.50.

Vital Energy Stock Performance

NYSE VTLE traded down $0.53 on Tuesday, hitting $46.15. The stock had a trading volume of 114,398 shares, compared to its average volume of 679,597. The company’s 50-day moving average is $51.56 and its two-hundred day moving average is $49.89. Vital Energy, Inc. has a one year low of $39.74 and a one year high of $65.08. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 1.53 and a beta of 3.27. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.09.

Insider Transactions at Vital Energy

In related news, SVP Mark David Denny sold 5,496 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $54.75, for a total value of $300,906.00. Following the sale, the senior vice president now directly owns 18,494 shares in the company, valued at approximately $1,012,546.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

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.