Nebula Research & Development LLC Acquires 7,470 Shares of Vital Energy, Inc. (NYSE:VTLE)

Nebula Research & Development LLC raised its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 37.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,468 shares of the company’s stock after acquiring an additional 7,470 shares during the quarter. Nebula Research & Development LLC owned approximately 0.07% of Vital Energy worth $849,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Sterling Capital Management LLC grew its stake in shares of Vital Energy by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock valued at $28,000 after buying an additional 814 shares in the last quarter. R Squared Ltd bought a new position in shares of Vital Energy in the fourth quarter valued at $34,000. Nisa Investment Advisors LLC grew its stake in shares of Vital Energy by 276.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after buying an additional 803 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Vital Energy by 247.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock valued at $48,000 after buying an additional 1,106 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Vital Energy in the fourth quarter valued at $96,000. 86.54% of the stock is owned by institutional investors.

Vital Energy Stock Up 3.0 %

Shares of VTLE opened at $15.80 on Monday. Vital Energy, Inc. has a 12 month low of $12.30 and a 12 month high of $55.87. The firm’s 50 day moving average is $20.17 and its 200-day moving average is $27.38. The stock has a market capitalization of $611.49 million, a PE ratio of -3.33 and a beta of 2.82. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping the consensus estimate 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 company had revenue of $534.37 million for the quarter, compared to analysts’ expectations of $550.90 million. Equities research analysts forecast that Vital Energy, Inc. will post 8.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VTLE shares. Siebert Williams Shank cut 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 note on Wednesday, March 5th. Truist Financial dropped their price objective on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Bank of America cut their target price on shares of Vital Energy from $33.00 to $27.00 and set an “underperform” rating for the company in a research note on Tuesday, April 1st. Mizuho upped their price target on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Finally, Citigroup cut shares of Vital Energy to a “reduce” rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and a consensus price target of $32.36.

Insider Transactions at Vital Energy

In related news, EVP Mark David Denny sold 5,974 shares of the 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 $123,841.02. Following the sale, the executive vice president now owns 42,494 shares in the company, valued at approximately $880,900.62. This trade represents a 12.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Richard D. Campbell purchased 5,000 shares of Vital Energy stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the transaction, the insider now directly owns 43,072 shares in the company, valued at $764,528. This represents a 13.13 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 21,647 shares of company stock valued at $448,742. 1.20% of the stock is currently owned by company insiders.

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.