Vital Energy, Inc. (NYSE:VTLE) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 10.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the company’s stock after selling 4,600 shares during the period. Swiss National Bank owned approximately 0.14% of Vital Energy worth $1,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. ORG Partners LLC grew its holdings in Vital Energy by 100.0% in the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the period. GAMMA Investing LLC acquired a new stake in Vital Energy in the 4th quarter valued at $33,000. PNC Financial Services Group Inc. increased its holdings in Vital Energy by 18.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock worth $97,000 after acquiring an additional 274 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Vital Energy during the third quarter worth $136,000. Finally, Great Lakes Advisors LLC purchased a new position in Vital Energy during the third quarter valued at $222,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

VTLE has been the subject of several research analyst reports. Piper Sandler reduced their price target on shares of Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Wells Fargo & Company decreased their target price on Vital Energy from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 14th. Mizuho boosted their price target on Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Truist Financial decreased their price objective on Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $59.50.

Vital Energy Price Performance

Shares of VTLE stock opened at $47.91 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $1.76 billion, a PE ratio of 1.99 and a beta of 3.23. The firm’s 50-day moving average is $52.48 and its two-hundred day moving average is $47.83. Vital Energy, Inc. has a 12 month low of $40.00 and a 12 month high of $62.87.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.44 by $0.11. The firm had revenue of $444.52 million for the quarter, compared to analyst estimates of $440.85 million. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.49 EPS. Analysts predict that Vital Energy, Inc. will post 8.22 earnings per share for the current year.

Vital Energy Company 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.