Vital Energy, Inc. (NYSE:VTLE) Position Reduced by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 3.5% during the fourth quarter, HoldingsChannel reports. The fund owned 161,738 shares of the company’s stock after selling 5,864 shares during the quarter. Peregrine Capital Management LLC’s holdings in Vital Energy were worth $5,001,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in VTLE. Principal Financial Group Inc. raised its holdings in shares of Vital Energy by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 130,842 shares of the company’s stock worth $4,046,000 after purchasing an additional 3,571 shares during the period. Empowered Funds LLC increased its stake in Vital Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 192,921 shares of the company’s stock valued at $5,965,000 after buying an additional 9,320 shares during the period. Jennison Associates LLC acquired a new position in Vital Energy during the 4th quarter valued at about $750,000. R Squared Ltd acquired a new position in Vital Energy during the 4th quarter valued at about $34,000. Finally, Tributary Capital Management LLC increased its stake in Vital Energy by 45.0% during the 4th quarter. Tributary Capital Management LLC now owns 428,295 shares of the company’s stock valued at $13,243,000 after buying an additional 132,924 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VTLE shares. Wells Fargo & Company raised their price objective on shares of Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Piper Sandler increased their price target on shares of Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Mizuho increased their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Truist Financial raised their price objective on shares of Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.90.

Vital Energy Trading Up 0.7 %

Shares of VTLE stock opened at $35.11 on Thursday. Vital Energy, Inc. has a 1 year low of $25.85 and a 1 year high of $58.30. The firm’s fifty day simple moving average is $32.65 and its 200 day simple moving average is $31.61. The firm has a market capitalization of $1.34 billion, a P/E ratio of 2.46 and a beta of 3.12. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.27. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. As a group, sell-side analysts predict that Vital Energy, Inc. will post 7.22 EPS for the current year.

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.