Vital Energy, Inc. (NYSE:VTLE) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of Vital Energy, Inc. (NYSE:VTLE - Free Report) by 192.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,863 shares of the company's stock after purchasing an additional 40,681 shares during the period. Thrivent Financial for Lutherans owned 0.16% of Vital Energy worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Vital Energy by 14.4% in the third quarter. State Street Corp now owns 1,755,173 shares of the company's stock valued at $47,214,000 after buying an additional 220,871 shares in the last quarter. Barclays PLC grew its position in Vital Energy by 124.0% in the third quarter. Barclays PLC now owns 338,675 shares of the company's stock valued at $9,110,000 after acquiring an additional 187,503 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Vital Energy by 45.0% during the fourth quarter. Tributary Capital Management LLC now owns 428,295 shares of the company's stock valued at $13,243,000 after purchasing an additional 132,924 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Vital Energy during the fourth quarter worth $4,022,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Vital Energy by 25.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock valued at $15,611,000 after purchasing an additional 103,583 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VTLE. Citigroup lowered shares of Vital Energy to a "reduce" rating in a report on Wednesday, March 5th. Siebert Williams Shank cut Vital Energy from a "buy" rating to a "hold" rating and cut their price target for the stock from $62.00 to $27.00 in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Piper Sandler cut their target price on Vital Energy from $32.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, Raymond James decreased their price target on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $39.54.

Read Our Latest Stock Report on Vital Energy

Vital Energy Stock Down 2.5 %

VTLE stock opened at $21.57 on Friday. The firm has a market cap of $822.35 million, a price-to-earnings ratio of -4.54 and a beta of 3.07. Vital Energy, Inc. has a 1-year low of $19.85 and a 1-year high of $58.30. The firm has a fifty day moving average price of $28.13 and a two-hundred day moving average price of $29.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.27. The business had revenue of $534.37 million during 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%. Research analysts predict that Vital Energy, Inc. will post 8.49 EPS for the current year.

Insider Activity

In related news, EVP Mark David Denny sold 5,974 shares of Vital Energy stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $123,841.02. Following the sale, the executive vice president now directly owns 42,494 shares in the company, valued at $880,900.62. This trade represents a 12.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $207,300.00. Following the transaction, the chief financial officer now directly owns 97,556 shares of the company's stock, valued at $2,022,335.88. The trade was a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,647 shares of company stock valued at $448,742. 1.20% of the stock is currently owned by insiders.

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.

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