ORG Partners LLC Grows Stock Position in Vital Energy, Inc. (NYSE:VTLE)

ORG Partners LLC increased its stake in Vital Energy, Inc. (NYSE:VTLE) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 570 shares of the company’s stock after purchasing an additional 285 shares during the quarter. ORG Partners LLC’s holdings in Vital Energy were worth $26,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Vital Energy during the second quarter worth about $129,151,000. State Street Corp bought a new stake in shares of Vital Energy in the 2nd quarter valued at about $72,076,000. Geode Capital Management LLC bought a new stake in shares of Vital Energy in the 2nd quarter valued at about $15,542,000. Goldman Sachs Group Inc. bought a new stake in shares of Vital Energy in the 2nd quarter valued at about $9,441,000. Finally, Morgan Stanley lifted its stake 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 acquiring an additional 197,472 shares during the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Stock Down 0.4 %

VTLE stock opened at $55.05 on Wednesday. Vital Energy, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The business’s 50 day moving average price is $50.25 and its two-hundred day moving average price is $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. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 1.67 and a beta of 3.24.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The firm had revenue of $444.52 million for the quarter, compared to the consensus estimate of $440.85 million. During the same quarter in the prior year, the business earned $3.49 EPS. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, analysts forecast that Vital Energy, Inc. will post 9.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. KeyCorp lowered their target price on Vital Energy from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Piper Sandler upped their price target on Vital Energy from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. 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. 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. Finally, Stifel Nicolaus lowered their price target on Vital Energy from $86.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Two investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.