Raymond James & Associates Buys Shares of 53,464 Vital Energy, Inc. (NYSE:VTLE)

Raymond James & Associates bought a new stake in Vital Energy, Inc. (NYSE:VTLE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 53,464 shares of the company’s stock, valued at approximately $2,432,000. Raymond James & Associates owned approximately 0.19% of Vital Energy as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Vital Energy in the 2nd quarter valued at approximately $129,151,000. State Street Corp acquired a new position in shares of Vital Energy in the 2nd quarter valued at approximately $72,076,000. Vanguard Group Inc. raised its position in shares of Vital Energy by 9.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,319,403 shares of the company’s stock valued at $73,121,000 after purchasing an additional 114,629 shares in the last quarter. Morgan Stanley raised its position in shares of Vital Energy by 45.9% in the 3rd quarter. Morgan Stanley now owns 627,856 shares of the company’s stock valued at $34,796,000 after purchasing an additional 197,472 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Vital Energy by 27.5% in the 3rd quarter. Invesco Ltd. now owns 516,299 shares of the company’s stock valued at $28,613,000 after purchasing an additional 111,320 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Trading Down 2.1 %

NYSE:VTLE opened at $55.27 on Tuesday. Vital Energy, Inc. has a 1 year low of $40.00 and a 1 year high of $62.87. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 1.68 and a beta of 3.24. The business has a fifty day moving average of $50.01 and a 200-day moving average of $47.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.11. The company had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.49 earnings per share. Equities analysts predict that Vital Energy, Inc. will post 9.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. KeyCorp dropped their price target on Vital Energy from $58.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Raymond James upped their price target on Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus dropped their price target on Vital Energy from $86.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Finally, Mizuho upped their price target on Vital Energy from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $57.60.

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.