Jump Financial LLC Has $778,000 Position in Vital Energy, Inc. (NYSE:VTLE)

Jump Financial LLC cut its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 35.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,173 shares of the company’s stock after selling 13,827 shares during the period. Jump Financial LLC’s holdings in Vital Energy were worth $778,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in Vital Energy during the fourth quarter worth about $788,000. Geode Capital Management LLC raised its stake in shares of Vital Energy by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after purchasing an additional 17,782 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Vital Energy in the 4th quarter valued at approximately $750,000. Wolverine Asset Management LLC bought a new position in shares of Vital Energy in the fourth quarter valued at $1,292,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Vital Energy by 25.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company’s stock worth $15,611,000 after buying an additional 103,583 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VTLE has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Vital Energy from $36.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 25th. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Truist Financial dropped their price objective on Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Bank of America decreased their target price on Vital Energy from $33.00 to $27.00 and set an “underperform” rating on the stock in a report on Tuesday, April 1st. Finally, Citigroup downgraded Vital Energy to a “reduce” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Vital Energy has an average rating of “Hold” and an average price target of $35.92.

Vital Energy Price Performance

NYSE:VTLE opened at $15.50 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The firm has a market cap of $599.84 million, a price-to-earnings ratio of -3.26 and a beta of 2.82. Vital Energy, Inc. has a 52 week low of $12.30 and a 52 week high of $55.87. The firm’s 50-day simple moving average is $21.31 and its 200 day simple moving average is $27.70.

Vital Energy (NYSE:VTLE) last released its quarterly 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. The company had revenue of $534.37 million during the quarter, compared to the consensus estimate 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 predict that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Insider Activity

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the transaction, the chief financial officer now directly owns 97,556 shares in the company, valued at $2,022,335.88. The trade was a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Richard D. Campbell bought 5,000 shares of Vital Energy stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $88,750.00. Following the acquisition, the insider now owns 43,072 shares in the company, valued at approximately $764,528. This represents a 13.13 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 21,647 shares of company stock worth $448,742. 1.20% of the stock is currently owned by company insiders.

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.