Oregon Public Employees Retirement Fund Acquires Shares of 5,826 Vital Energy, Inc. (NYSE:VTLE)

Posted by Defense World Staff on Oct 24th, 2023

Oregon Public Employees Retirement Fund acquired a new stake in Vital Energy, Inc. (NYSE:VTLE – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,826 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Vital Energy in the 2nd quarter valued at about $552,000. Louisiana State Employees Retirement System purchased a new stake in shares of Vital Energy in the second quarter worth $442,000. Exchange Traded Concepts LLC bought a new position in shares of Vital Energy during the 2nd quarter valued at about $393,000. Summit Trail Advisors LLC bought a new position in shares of Vital Energy during the 2nd quarter valued at $325,000. Finally, MRP Capital Investments LLC purchased a new stake in Vital Energy during the 2nd quarter valued at $322,000. Institutional investors own 86.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VTLE. Stifel Nicolaus restated a “buy” rating and set a $122.00 target price on shares of Vital Energy in a report on Thursday, September 14th. Piper Sandler raised their target price on shares of Vital Energy from $39.00 to $61.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. TheStreet raised shares of Vital Energy from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Raymond James raised their target price on Vital Energy from $54.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, September 19th. Finally, Mizuho upped their price target on Vital Energy from $54.00 to $63.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Vital Energy currently has an average rating of “Hold” and an average price target of $78.25.

View Our Latest Stock Report on Vital Energy

Vital Energy Trading Down 4.0 %

Shares of VTLE stock opened at $52.71 on Tuesday. The stock has a fifty day simple moving average of $55.48 and a two-hundred day simple moving average of $49.80. Vital Energy, Inc. has a 52-week low of $39.74 and a 52-week high of $73.27. The firm has a market capitalization of $979.88 million, a PE ratio of 1.05 and a beta of 3.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 0.56.

Vital Energy (NYSE:VTLE – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $4.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.07 by $0.28. Vital Energy had a return on equity of 24.29% and a net margin of 57.79%. The firm had revenue of $335.06 million during the quarter, compared to analysts’ expectations of $345.19 million. During the same quarter last year, the business posted $7.50 earnings per share. The firm’s revenue was down 40.2% on a year-over-year basis. On average, analysts predict that Vital Energy, Inc. will post 18.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Vital Energy news, SVP Mark David Denny sold 5,496 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $54.75, for a total value of $300,906.00. Following the sale, the senior vice president now owns 18,494 shares in the company, valued at approximately $1,012,546.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Vital Energy Company Profile

(Free Report)

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.