Shell Asset Management Co. Trims Stake in Vital Energy, Inc. (NYSE:VTLE)

Shell Asset Management Co. reduced its holdings in shares of Vital Energy, Inc. (NYSE:VTLEFree Report) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,385 shares of the company’s stock after selling 11,869 shares during the period. Shell Asset Management Co. owned about 0.11% of Vital Energy worth $1,473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Vital Energy by 62.4% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 180,641 shares of the company’s stock worth $8,217,000 after purchasing an additional 69,398 shares in the last quarter. Jump Financial LLC bought a new position in shares of Vital Energy during the fourth quarter worth $2,877,000. Rafferty Asset Management LLC boosted its position in shares of Vital Energy by 52.8% during the fourth quarter. Rafferty Asset Management LLC now owns 113,351 shares of the company’s stock worth $5,156,000 after acquiring an additional 39,147 shares during the last quarter. Raymond James & Associates bought a new position in shares of Vital Energy during the fourth quarter worth $2,432,000. Finally, Fisher Asset Management LLC lifted its position in Vital Energy by 55.4% during the fourth quarter. Fisher Asset Management LLC now owns 52,352 shares of the company’s stock valued at $2,381,000 after purchasing an additional 18,665 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Vital Energy Trading Up 1.1 %

NYSE VTLE opened at $45.15 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 1.87 and a beta of 3.21. The company’s 50-day simple moving average is $51.41 and its two-hundred day simple moving average is $47.88. Vital Energy, Inc. has a one year low of $40.00 and a one year high of $62.87.

Vital Energy (NYSE:VTLEGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm had revenue of $482.34 million for the quarter, compared to the consensus estimate of $454.97 million. Equities analysts forecast that Vital Energy, Inc. will post 7.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VTLE shares. Piper Sandler lowered their target price on shares of Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Mizuho raised their target price on shares of Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Truist Financial lowered their target price on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a report on Friday, April 5th. KeyCorp raised their price target on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus raised their price target on shares of Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Vital Energy has a consensus rating of “Hold” and an average price target of $59.50.

Get Our Latest Stock Report on Vital Energy

Vital Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vital Energy (NYSE:VTLE)

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