Dynamic Technology Lab Private Ltd acquired a new position in Vital Energy, Inc. (NYSE:VTLE – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,795 shares of the company’s stock, valued at approximately $309,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC boosted its position in shares of Vital Energy by 100.0% in the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the last quarter. GAMMA Investing LLC bought a new position in Vital Energy during the fourth quarter worth about $33,000. Quadrant Capital Group LLC grew its position in shares of Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after buying an additional 277 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Vital Energy by 18.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock valued at $97,000 after acquiring an additional 274 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Vital Energy in the 3rd quarter valued at about $136,000. 86.54% of the stock is owned by institutional investors.
Vital Energy Price Performance
NYSE VTLE opened at $47.91 on Monday. Vital Energy, Inc. has a 12-month low of $40.00 and a 12-month high of $62.87. The firm’s 50 day moving average is $52.48 and its 200-day moving average is $47.85. The company has a market capitalization of $1.76 billion, a PE ratio of 1.99 and a beta of 3.23. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Vital Energy from $57.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, May 14th. Mizuho boosted their price target on shares of Vital Energy from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Truist Financial dropped their price objective on Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Piper Sandler dropped 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. Finally, JPMorgan Chase & Co. boosted their price objective on Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.50.
Read Our Latest Research Report on VTLE
Vital Energy Profile
(Free Report)
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.
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