Vital Energy, Inc. (NYSE:VTLE) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its holdings in Vital Energy, Inc. (NYSE:VTLE) by 42.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,079 shares of the company’s stock after buying an additional 45,239 shares during the period. Peregrine Capital Management LLC owned about 0.42% of Vital Energy worth $6,861,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VTLE. CWM LLC lifted its position in shares of Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 465 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Vital Energy during the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC boosted its holdings in Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after purchasing an additional 277 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Vital Energy in the 2nd quarter worth approximately $147,000. Finally, Range Financial Group LLC acquired a new position in shares of Vital Energy in the 1st quarter worth approximately $206,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insiders Place Their Bets

In other news, CEO M. Jason Pigott bought 2,500 shares of the stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the acquisition, the chief executive officer now owns 169,389 shares in the company, valued at $6,411,373.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Vital Energy Trading Down 3.1 %

Shares of VTLE traded down $1.15 during trading hours on Friday, reaching $35.88. The stock had a trading volume of 927,287 shares, compared to its average volume of 846,189. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75. Vital Energy, Inc. has a 52 week low of $35.13 and a 52 week high of $62.87. The firm has a 50-day moving average of $41.36 and a 200 day moving average of $46.90. The company has a market cap of $1.32 billion, a P/E ratio of 1.49 and a beta of 3.22.

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). The firm had revenue of $476.37 million during the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. Vital Energy’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.35 EPS. On average, sell-side analysts expect that Vital Energy, Inc. will post 8.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

VTLE has been the topic of several research reports. Wolfe Research initiated coverage on Vital Energy in a report on Thursday, July 18th. They set an “underperform” rating and a $50.00 price objective on the stock. Truist Financial dropped their target price on shares of Vital Energy from $69.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company dropped their target price on shares of Vital Energy from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. KeyCorp cut shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. Finally, Bank of America reiterated an “underperform” rating and set a $46.00 target price on shares of Vital Energy in a research report on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.82.

Vital Energy 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.