Fox Run Management L.L.C. Cuts Stake in Vital Energy, Inc. $VTLE

Fox Run Management L.L.C. cut its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 73.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,704 shares of the company’s stock after selling 40,866 shares during the period. Fox Run Management L.L.C.’s holdings in Vital Energy were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Wolverine Asset Management LLC increased its position in Vital Energy by 28.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 53,773 shares of the company’s stock valued at $865,000 after buying an additional 12,000 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Vital Energy by 45.6% during the second quarter. Envestnet Asset Management Inc. now owns 98,997 shares of the company’s stock valued at $1,593,000 after acquiring an additional 31,005 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Vital Energy by 12,277.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,446 shares of the company’s stock valued at $88,000 after purchasing an additional 5,402 shares during the last quarter. Tributary Capital Management LLC boosted its stake in Vital Energy by 31.0% in the 2nd quarter. Tributary Capital Management LLC now owns 389,264 shares of the company’s stock worth $6,263,000 after purchasing an additional 92,185 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Vital Energy in the 2nd quarter worth approximately $58,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vital Energy in a report on Wednesday, October 8th. Piper Sandler raised their target price on Vital Energy from $16.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Wells Fargo & Company lowered their price target on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Zacks Research downgraded Vital Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Wall Street Zen cut Vital Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vital Energy currently has a consensus rating of “Reduce” and a consensus target price of $27.56.

Vital Energy Price Performance

Shares of VTLE opened at $17.21 on Friday. The business’s 50-day moving average is $16.33 and its two-hundred day moving average is $16.72. The company has a market capitalization of $665.66 million, a P/E ratio of -0.87 and a beta of 1.39. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $36.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.07). The company had revenue of $420.83 million during the quarter, compared to analyst estimates of $458.87 million. Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. Research analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

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.