Empowered Funds LLC Has $4.94 Million Holdings in Vital Energy, Inc. (NYSE:VTLE)

Empowered Funds LLC boosted its stake in Vital Energy, Inc. (NYSE:VTLE) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,601 shares of the company’s stock after purchasing an additional 9,246 shares during the period. Empowered Funds LLC owned about 0.48% of Vital Energy worth $4,939,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. CWM LLC increased its stake in shares of Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 465 shares during the period. nVerses Capital LLC raised its holdings in 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. International Assets Investment Management LLC lifted its position in shares of Vital Energy by 2,590.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after purchasing an additional 1,943 shares during the period. Signaturefd LLC boosted its stake in shares of Vital Energy by 234.2% in the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Vital Energy during the second quarter worth $147,000. 86.54% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Mark David Denny sold 5,145 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $155,481.90. Following the sale, the executive vice president now owns 26,358 shares in the company, valued at approximately $796,538.76. This trade represents a 16.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Kathryn Anne Hill sold 2,023 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the sale, the chief operating officer now owns 29,091 shares in the company, valued at $879,130.02. The trade was a 6.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,168 shares of company stock worth $502,017. 1.20% of the stock is owned by corporate insiders.

Vital Energy Stock Down 0.8 %

Vital Energy stock opened at $30.91 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.18 billion, a P/E ratio of 2.16 and a beta of 3.16. The firm has a 50 day moving average price of $28.43 and a 200-day moving average price of $37.98. Vital Energy, Inc. has a twelve month low of $25.85 and a twelve month high of $58.30.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. During the same period last year, the business posted $5.16 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts predict that Vital Energy, Inc. will post 6.87 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. KeyCorp cut Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. Piper Sandler dropped their price target on Vital Energy from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Mizuho reduced their price objective on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.83.

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.