Tributary Capital Management LLC Raises Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Tributary Capital Management LLC increased its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 45.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 428,295 shares of the company’s stock after purchasing an additional 132,924 shares during the period. Tributary Capital Management LLC owned 1.12% of Vital Energy worth $13,243,000 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. First Horizon Advisors Inc. acquired a new position in shares of Vital Energy during the third quarter worth about $26,000. Nisa Investment Advisors LLC lifted its position in Vital Energy by 276.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after acquiring an additional 803 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Vital Energy by 247.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock worth $48,000 after acquiring an additional 1,106 shares during the period. International Assets Investment Management LLC grew its position in Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after acquiring an additional 1,943 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Vital Energy by 234.2% during the third quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after purchasing an additional 1,630 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Stock Performance

VTLE stock opened at $33.88 on Friday. Vital Energy, Inc. has a 1 year low of $25.85 and a 1 year high of $58.30. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 2.37 and a beta of 3.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s fifty day moving average is $32.11 and its two-hundred day moving average is $33.04.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $5.16 EPS. On average, research analysts predict that Vital Energy, Inc. will post 7.19 EPS for the current year.

Wall Street Analyst Weigh In

VTLE has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Truist Financial upped their target price on Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Piper Sandler decreased their price target on shares of Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Mizuho upped their price target on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price objective on shares of Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Vital Energy presently has an average rating of “Hold” and a consensus target price of $45.40.

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.