GAMMA Investing LLC Buys New Holdings in Vital Energy, Inc. (NYSE:VTLE)

GAMMA Investing LLC bought a new stake in shares of Vital Energy, Inc. (NYSE:VTLE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 757 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTLE. Vanguard Group Inc. increased its stake in Vital Energy by 9.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,319,403 shares of the company’s stock worth $73,121,000 after acquiring an additional 114,629 shares during the last quarter. Invesco Ltd. increased its stake in Vital Energy by 27.5% in the 3rd quarter. Invesco Ltd. now owns 516,299 shares of the company’s stock worth $28,613,000 after acquiring an additional 111,320 shares during the last quarter. Smith Graham & Co. Investment Advisors LP bought a new stake in Vital Energy in the 3rd quarter worth approximately $6,165,000. Schwerin Boyle Capital Management Inc. bought a new stake in Vital Energy in the 3rd quarter worth approximately $3,658,000. Finally, Tudor Investment Corp Et Al bought a new stake in Vital Energy in the 3rd quarter worth approximately $3,067,000. Institutional investors own 86.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VTLE. Stifel Nicolaus boosted their target price on Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Wells Fargo & Company boosted their target price on Vital Energy from $51.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, April 18th. Mizuho boosted their target price on Vital Energy from $54.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. KeyCorp boosted their target price on Vital Energy from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Truist Financial cut their target price on Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Vital Energy currently has an average rating of “Hold” and a consensus target price of $59.40.

Vital Energy Price Performance

VTLE opened at $51.65 on Monday. The business has a fifty day moving average of $52.44 and a 200 day moving average of $47.97. Vital Energy, Inc. has a 52-week low of $40.00 and a 52-week high of $62.87. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.89 billion, a P/E ratio of 1.57 and a beta of 3.23.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. During the same quarter in the previous year, the business earned $3.49 EPS. Vital Energy’s revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vital Energy, Inc. will post 9.13 EPS for the current year.

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.