Barclays PLC Sells 18,968 Shares of Vital Energy, Inc. (NYSE:VTLE)

by · The Cerbat Gem

Barclays PLC trimmed its position in shares of Vital Energy, Inc. (NYSE:VTLE – Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 319,707 shares of the company’s stock after selling 18,968 shares during the quarter. Barclays PLC owned approximately 0.84% of Vital Energy worth $9,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its holdings in Vital Energy by 9.1% in the 4th quarter. US Bancorp DE now owns 6,971 shares of the company’s stock valued at $216,000 after buying an additional 581 shares during the last quarter. Franklin Resources Inc. increased its position in Vital Energy by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,662 shares of the company’s stock valued at $363,000 after acquiring an additional 758 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after acquiring an additional 803 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Vital Energy by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock worth $28,000 after purchasing an additional 814 shares during the period. Finally, SkyView Investment Advisors LLC grew its stake in shares of Vital Energy by 4.6% in the third quarter. SkyView Investment Advisors LLC now owns 21,641 shares of the company’s stock worth $582,000 after purchasing an additional 951 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Vital Energy Stock Up 5.6 %

Shares of NYSE VTLE opened at $15.50 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The firm has a market cap of $599.84 million, a PE ratio of -3.26 and a beta of 2.82. The company’s fifty day simple moving average is $21.31 and its 200 day simple moving average is $27.70. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $55.87.

Vital Energy (NYSE:VTLE – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on VTLE. Raymond James lowered their target price on Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Piper Sandler lowered their price objective on Vital Energy from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Siebert Williams Shank downgraded shares of Vital Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from $62.00 to $27.00 in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Vital Energy has a consensus rating of “Hold” and a consensus price target of $35.92.

Get Our Latest Stock Report on VTLE

Insiders Place Their Bets

In related news, COO Kathryn Anne Hill sold 5,673 shares of Vital Energy stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the sale, the chief operating officer now owns 46,413 shares of the company’s stock, valued at approximately $962,141.49. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the transaction, the chief financial officer now owns 97,556 shares in the company, valued at approximately $2,022,335.88. The trade was a 9.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,647 shares of company stock worth $448,742. Corporate insiders own 1.20% of the company’s stock.

Vital Energy Company 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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