Fisher Asset Management LLC Boosts Stock Holdings in Vital Energy, Inc. (NYSE:VTLE)

Fisher Asset Management LLC boosted its position in Vital Energy, Inc. (NYSE:VTLE) by 55.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,352 shares of the company’s stock after buying an additional 18,665 shares during the quarter. Fisher Asset Management LLC owned approximately 0.18% of Vital Energy worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in VTLE. Victory Capital Management Inc. lifted its stake in shares of Vital Energy by 117.9% during the 4th quarter. Victory Capital Management Inc. now owns 51,106 shares of the company’s stock valued at $2,325,000 after buying an additional 27,656 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Vital Energy by 19.1% in the fourth quarter. Yousif Capital Management LLC now owns 12,234 shares of the company’s stock worth $557,000 after acquiring an additional 1,960 shares during the period. GAMMA Investing LLC purchased a new position in shares of Vital Energy in the fourth quarter valued at $33,000. Capital Advisors Inc. OK bought a new stake in shares of Vital Energy during the 4th quarter valued at $1,410,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Vital Energy during the 4th quarter worth about $564,000. 86.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VTLE shares. Piper Sandler decreased their price target on Vital Energy from $54.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. increased their target price on shares of Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. Raymond James raised their price target on shares of Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Mizuho upped their price target on shares of Vital Energy from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, Truist Financial dropped their price objective on Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.40.

Vital Energy Trading Down 1.0 %

NYSE VTLE opened at $53.08 on Thursday. 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’s 50-day simple moving average is $52.64 and its two-hundred day simple moving average is $47.94. Vital Energy, Inc. has a twelve month low of $40.00 and a twelve month high of $62.87. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 1.63 and a beta of 3.23.

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