Riverstone Holdings LLC Sells 3,832 Shares of Vital Energy, Inc. (NYSE:VTLE)

Riverstone Holdings LLC lowered its position in Vital Energy, Inc. (NYSE:VTLE) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,452 shares of the company’s stock after selling 3,832 shares during the quarter. Vital Energy accounts for approximately 2.4% of Riverstone Holdings LLC’s holdings, making the stock its 3rd biggest holding. Riverstone Holdings LLC’s holdings in Vital Energy were worth $15,350,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Geode Capital Management LLC raised its stake in Vital Energy by 2.9% during the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after acquiring an additional 17,782 shares during the period. Jennison Associates LLC acquired a new position in shares of Vital Energy during the fourth quarter valued at approximately $750,000. Wolverine Asset Management LLC bought a new stake in Vital Energy during the fourth quarter worth approximately $1,292,000. Proficio Capital Partners LLC bought a new stake in Vital Energy during the fourth quarter worth approximately $788,000. Finally, SG Americas Securities LLC bought a new stake in Vital Energy during the fourth quarter worth approximately $701,000. Institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Performance

Shares of VTLE opened at $20.88 on Wednesday. The company has a market capitalization of $795.97 million, a PE ratio of -4.40 and a beta of 3.07. Vital Energy, Inc. has a one year low of $20.00 and a one year high of $58.30. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. The company’s fifty day moving average price is $31.36 and its 200 day moving average price is $30.41.

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. The firm had revenue of $534.37 million for 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, analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on VTLE. Raymond James decreased their price objective on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday. Piper Sandler decreased their price objective on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Mizuho increased their target price on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Williams Trading set a $27.00 target price on shares of Vital Energy in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vital Energy currently has an average rating of “Hold” and an average target price of $41.00.

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.