Bayforest Capital Ltd Cuts Stake in Vital Energy, Inc. $VTLE

Bayforest Capital Ltd lessened its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 80.7% during the 3rd quarter, Holdings Channel reports. The firm owned 10,085 shares of the company’s stock after selling 42,191 shares during the period. Bayforest Capital Ltd’s holdings in Vital Energy were worth $170,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vital Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,980 shares of the company’s stock valued at $360,000 after buying an additional 702 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Vital Energy by 361.1% in the first quarter. Voya Investment Management LLC now owns 38,861 shares of the company’s stock worth $825,000 after buying an additional 30,433 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Vital Energy by 58.7% during the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $32,000 after acquiring an additional 740 shares during the last quarter. Range Financial Group LLC bought a new position in shares of Vital Energy during the second quarter worth $205,000. Finally, GAMMA Investing LLC grew its stake in Vital Energy by 249.3% during the second quarter. GAMMA Investing LLC now owns 5,044 shares of the company’s stock valued at $81,000 after acquiring an additional 3,600 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on VTLE shares. Citigroup reiterated a “neutral” rating on shares of Vital Energy in a research note on Monday, November 17th. Wells Fargo & Company reduced their target price on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. Mizuho set a $23.00 target price on Vital Energy in a research report on Friday, December 12th. Piper Sandler cut their price target on Vital Energy from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vital Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $27.22.

Vital Energy Stock Up 0.1%

Shares of NYSE VTLE opened at $18.11 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.30. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $36.72. The firm’s 50-day moving average price is $17.79 and its 200-day moving average price is $17.05. The stock has a market capitalization of $700.71 million, a price-to-earnings ratio of -0.52 and a beta of 1.12.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.07). Vital Energy had a positive return on equity of 13.40% and a negative net margin of 69.28%.The company had revenue of $420.83 million for the quarter, compared to the consensus estimate of $458.87 million. During the same period in the previous year, the firm earned $1.61 earnings per share. The company’s revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Vital Energy, Inc. will post 8.49 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. Vital Energy, Inc was founded in 2006 and is headquartered in Tulsa, Oklahoma.