Vital Energy, Inc. $VTLE Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its stake in Vital Energy, Inc. (NYSE:VTLE) by 47.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,723,206 shares of the company’s stock after selling 1,561,378 shares during the period. Westwood Holdings Group Inc.’s holdings in Vital Energy were worth $27,726,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Public Sector Pension Investment Board raised its holdings in Vital Energy by 27.0% during the 1st quarter. Public Sector Pension Investment Board now owns 85,483 shares of the company’s stock worth $1,814,000 after buying an additional 18,171 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Vital Energy by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company’s stock worth $45,895,000 after buying an additional 46,300 shares during the period. PDT Partners LLC purchased a new position in shares of Vital Energy in the first quarter worth approximately $3,961,000. Jump Financial LLC raised its holdings in shares of Vital Energy by 939.7% during the first quarter. Jump Financial LLC now owns 261,721 shares of the company’s stock valued at $5,554,000 after acquiring an additional 236,548 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Vital Energy by 16.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company’s stock valued at $12,492,000 after acquiring an additional 83,788 shares during the period. 86.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VTLE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vital Energy in a research note on Wednesday, October 8th. Zacks Research cut Vital Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Wells Fargo & Company lowered their price target on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. Mizuho set a $23.00 price target on Vital Energy in a research report on Friday. Finally, Piper Sandler decreased their price objective on Vital Energy from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Vital Energy currently has a consensus rating of “Reduce” and a consensus target price of $27.22.

Vital Energy Trading Down 1.2%

NYSE VTLE opened at $17.89 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.30. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $36.72. The firm’s fifty day simple moving average is $16.79 and its 200-day simple moving average is $17.08. The company has a market capitalization of $692.20 million, a PE ratio of -0.51 and a beta of 1.12.

Vital Energy (NYSE:VTLE) last issued its earnings results on Monday, November 3rd. The company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.07). Vital Energy had a negative net margin of 69.28% and a positive return on equity of 13.40%. The firm had revenue of $420.83 million during the quarter, compared to analysts’ expectations of $458.87 million. During the same quarter last year, the firm earned $1.61 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal 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.