CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Purchases 3,000 Shares of Vital Energy, Inc. (NYSE:VTLE)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 7.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,000 shares of the company’s stock after buying an additional 3,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned about 0.12% of Vital Energy worth $1,210,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC increased its stake in Vital Energy by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after acquiring an additional 297 shares during the period. ProShare Advisors LLC lifted its position in Vital Energy by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock worth $249,000 after purchasing an additional 324 shares during the period. Arizona State Retirement System grew its stake in Vital Energy by 5.4% during the second quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock worth $299,000 after buying an additional 342 shares in the last quarter. CWM LLC increased its holdings in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 465 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Vital Energy by 4.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $574,000 after buying an additional 500 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Vital Energy Trading Up 2.0 %

VTLE traded up $0.54 during midday trading on Tuesday, hitting $28.09. 292,982 shares of the company were exchanged, compared to its average volume of 920,755. The firm’s 50 day moving average price is $30.97 and its 200-day moving average price is $41.52. Vital Energy, Inc. has a 1-year low of $25.94 and a 1-year high of $58.30. The firm has a market capitalization of $1.03 billion, a P/E ratio of 1.14 and a beta of 3.16. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.59.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.42). The business had revenue of $476.37 million for the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.35 EPS. As a group, equities analysts forecast that Vital Energy, Inc. will post 6.58 EPS for the current fiscal year.

Insider Activity

In related news, CEO M. Jason Pigott purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the acquisition, the chief executive officer now owns 169,389 shares of the company’s stock, valued at $6,411,373.65. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction of $285,400.00. Following the completion of the transaction, the chief financial officer now owns 77,516 shares in the company, valued at approximately $2,212,306.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO M. Jason Pigott bought 2,500 shares of the company’s stock in a transaction on Monday, August 12th. The stock was bought at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the purchase, the chief executive officer now owns 169,389 shares of the company’s stock, valued at approximately $6,411,373.65. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 17,168 shares of company stock worth $502,017 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VTLE has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Truist Financial decreased their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. reduced their price objective on Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a research note on Thursday, September 12th. Mizuho lowered their target price on Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Finally, Wolfe Research started coverage on shares of Vital Energy in a research note on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target on the stock. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.83.

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.