Denali Advisors LLC Buys 33,227 Shares of Vital Energy, Inc. (NYSE:VTLE)

Denali Advisors LLC grew its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 527.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,527 shares of the company’s stock after buying an additional 33,227 shares during the quarter. Denali Advisors LLC’s holdings in Vital Energy were worth $1,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CWM LLC raised its stake in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after acquiring an additional 465 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Vital Energy by 42.0% in the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after buying an additional 277 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Vital Energy by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Vital Energy during the 2nd quarter worth approximately $147,000. Institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

VTLE has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a research report on Thursday, September 12th. Wolfe Research assumed coverage on shares of Vital Energy in a research note on Thursday, July 18th. They set an “underperform” rating and a $50.00 target price for the company. Truist Financial decreased their price objective on shares of Vital Energy from $69.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Mizuho decreased their price objective on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Bank of America reissued an “underperform” rating and set a $46.00 price target on shares of Vital Energy in a report on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Vital Energy has an average rating of “Hold” and an average price target of $52.45.

Insider Buying and Selling

In other news, CEO M. Jason Pigott purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average price of $37.85 per share, with a total value of $94,625.00. Following the purchase, the chief executive officer now directly owns 169,389 shares of the company’s stock, valued at approximately $6,411,373.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Vital Energy Stock Performance

Shares of VTLE stock opened at $27.93 on Tuesday. The company’s fifty day simple moving average is $37.85 and its 200-day simple moving average is $45.47. Vital Energy, Inc. has a 52 week low of $26.02 and a 52 week high of $58.30. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.02 billion, a PE ratio of 1.16 and a beta of 3.17.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.42). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The firm had revenue of $476.37 million for the quarter, compared to analysts’ expectations of $468.76 million. During the same period last year, the firm earned $4.35 EPS. The business’s quarterly revenue was up 42.2% on a year-over-year basis. As a group, equities research analysts anticipate that Vital Energy, Inc. will post 6.27 EPS for the current year.

About Vital Energy

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.