Richard D. Campbell Purchases 5,000 Shares of Vital Energy, Inc. (NYSE:VTLE) Stock

Vital Energy, Inc. (NYSE:VTLE) major shareholder Richard D. Campbell bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of $17.75 per share, with a total value of $88,750.00. Following the acquisition, the insider now directly owns 43,072 shares in the company, valued at $764,528. This trade represents a 13.13 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Vital Energy Stock Performance

NYSE:VTLE opened at $12.94 on Wednesday. The firm has a market capitalization of $493.10 million, a PE ratio of -2.72 and a beta of 2.82. The stock’s fifty day moving average is $25.28 and its 200 day moving average is $28.75. Vital Energy, Inc. has a fifty-two week low of $12.64 and a fifty-two week high of $58.30. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78.

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

Wall Street Analyst Weigh In

VTLE has been the subject of a number of recent analyst reports. Piper Sandler dropped their price objective on Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Williams Trading set a $27.00 target price on shares of Vital Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their target price on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Finally, Bank of America decreased their price target on shares of Vital Energy from $33.00 to $27.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.08.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VTLE. Woodline Partners LP bought a new stake in shares of Vital Energy during the 4th quarter worth approximately $39,392,000. Condire Management LP bought a new stake in shares of Vital Energy during the fourth quarter worth $19,066,000. Freestone Grove Partners LP bought a new stake in shares of Vital Energy during the fourth quarter worth $15,995,000. State Street Corp boosted its stake in shares of Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after purchasing an additional 220,871 shares during the period. Finally, Barclays PLC grew its holdings in shares of Vital Energy by 124.0% in the third quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after purchasing an additional 187,503 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

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.