Dana Investment Advisors Inc. Trims Stake in Vital Energy, Inc. (NYSE:VTLE)

Dana Investment Advisors Inc. lessened its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 210,808 shares of the company’s stock after selling 12,071 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Vital Energy were worth $6,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. First Horizon Advisors Inc. bought a new stake in Vital Energy during the 3rd quarter worth approximately $26,000. R Squared Ltd bought a new position in Vital Energy in the 4th quarter worth $34,000. Nisa Investment Advisors LLC increased its stake in Vital Energy by 276.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after buying an additional 803 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Vital Energy by 247.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock valued at $48,000 after acquiring an additional 1,106 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after acquiring an additional 1,943 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Truist Financial cut their target price on Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Siebert Williams Shank lowered shares of Vital Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from $62.00 to $27.00 in a report on Wednesday. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho upped their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Vital Energy presently has a consensus rating of “Hold” and an average target price of $43.27.

Vital Energy Stock Performance

Shares of NYSE:VTLE opened at $20.98 on Friday. The firm has a fifty day simple moving average of $31.91 and a two-hundred day simple moving average of $30.80. Vital Energy, Inc. has a 52 week low of $20.65 and a 52 week high of $58.30. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $799.59 million, a P/E ratio of -4.42 and a beta of 3.07.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.03 by $0.27. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The company had revenue of $534.37 million during the quarter, compared to analyst estimates of $550.90 million. On average, analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal 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.