Wolverine Asset Management LLC Buys New Position in Vital Energy, Inc. (NYSE:VTLE)

Wolverine Asset Management LLC bought a new stake in shares of Vital Energy, Inc. (NYSE:VTLE – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 41,773 shares of the company’s stock, valued at approximately $1,292,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Vital Energy by 2.8% during the 4th quarter. Principal Financial Group Inc. now owns 130,842 shares of the company’s stock worth $4,046,000 after buying an additional 3,571 shares during the period. Empowered Funds LLC raised its stake in Vital Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 192,921 shares of the company’s stock worth $5,965,000 after buying an additional 9,320 shares during the period. Jennison Associates LLC acquired a new position in Vital Energy during the 4th quarter worth approximately $750,000. R Squared Ltd acquired a new position in Vital Energy during the 4th quarter worth approximately $34,000. Finally, Tributary Capital Management LLC raised its stake in Vital Energy by 45.0% during the 4th quarter. Tributary Capital Management LLC now owns 428,295 shares of the company’s stock worth $13,243,000 after buying an additional 132,924 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Trading Down 6.9 %

Shares of VTLE opened at $28.77 on Friday. The firm’s 50 day simple moving average is $32.58 and its 200 day simple moving average is $31.51. The company has a market capitalization of $1.10 billion, a P/E ratio of -6.06 and a beta of 3.12. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. Vital Energy, Inc. has a 1-year low of $25.85 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE – Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The business had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. Sell-side analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on VTLE. Mizuho upped their price target on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Truist Financial dropped their price target on Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday. Piper Sandler increased their price objective on Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company increased their price objective on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Vital Energy has an average rating of “Hold” and an average price target of $45.70.

View Our Latest Report on Vital Energy

Vital Energy 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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