Vital Energy, Inc. (NYSE:VTLE) CFO Sells $207,300.00 in Stock

Vital Energy, Inc. (NYSE:VTLE) CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $207,300.00. Following the sale, the chief financial officer now directly owns 97,556 shares in the company, valued at approximately $2,022,335.88. This trade represents a 9.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Vital Energy Trading Up 6.1 %

Vital Energy stock opened at $21.19 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The firm has a market cap of $807.59 million, a price-to-earnings ratio of -4.46 and a beta of 3.07. Vital Energy, Inc. has a 1 year low of $19.85 and a 1 year high of $58.30. The firm’s 50 day moving average price is $30.70 and its two-hundred day moving average price is $30.12.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.27. The firm had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. On average, research analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in Vital Energy during the 4th quarter worth approximately $788,000. Geode Capital Management LLC grew its position in Vital Energy by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after purchasing an additional 17,782 shares in the last quarter. Jennison Associates LLC purchased a new position in Vital Energy during the 4th quarter worth approximately $750,000. Wolverine Asset Management LLC purchased a new position in Vital Energy during the 4th quarter worth approximately $1,292,000. Finally, SG Americas Securities LLC purchased a new position in Vital Energy during the 4th quarter worth approximately $701,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on VTLE. JPMorgan Chase & Co. cut their price target on Vital Energy from $34.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Piper Sandler cut their price target on Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Raymond James lowered their price objective on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. Finally, Citigroup lowered shares of Vital Energy to a “reduce” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.46.

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.