Public Employees Retirement System of Ohio Has $3.69 Million Stock Position in Vital Energy, Inc. (NYSE:VTLE)

Public Employees Retirement System of Ohio grew its position in shares of Vital Energy, Inc. (NYSE:VTLE) by 77.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,246 shares of the company’s stock after purchasing an additional 59,942 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Vital Energy were worth $3,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Edgestream Partners L.P. acquired a new position in Vital Energy in the second quarter valued at $4,250,000. Raymond James & Associates grew its stake in Vital Energy by 96.8% during the third quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock worth $3,905,000 after purchasing an additional 71,385 shares during the period. Dimensional Fund Advisors LP increased its holdings in Vital Energy by 19.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after purchasing an additional 282,574 shares in the last quarter. Sei Investments Co. lifted its stake in Vital Energy by 52.3% in the second quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock valued at $2,964,000 after buying an additional 22,711 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Vital Energy by 800.9% during the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock worth $24,263,000 after buying an additional 481,248 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Stock Performance

Shares of Vital Energy stock opened at $31.49 on Monday. Vital Energy, Inc. has a 52 week low of $25.85 and a 52 week high of $58.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $29.84 and a 200-day moving average price of $35.44. The company has a market cap of $1.20 billion, a PE ratio of 2.21 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. During the same quarter in the prior year, the company posted $5.16 earnings per share. Vital Energy’s revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Vital Energy, Inc. will post 6.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. 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 note on Thursday, December 5th. Wells Fargo & Company raised their target price on Vital Energy from $29.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. Piper Sandler decreased their target price on Vital Energy from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Truist Financial cut their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, Mizuho decreased their price objective on Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vital Energy currently has an average rating of “Hold” and a consensus price target of $47.00.

Insider Activity

In other Vital Energy news, COO Kathryn Anne Hill sold 2,023 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now owns 29,091 shares of the company’s stock, valued at approximately $879,130.02. The trade was a 6.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark David Denny sold 5,145 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $155,481.90. Following the completion of the transaction, the executive vice president now owns 26,358 shares of the company’s stock, valued at $796,538.76. This trade represents a 16.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,168 shares of company stock worth $502,017 over the last quarter. Insiders own 1.20% of the company’s stock.

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.