Parallel Advisors LLC Purchases 740 Shares of Vital Energy, Inc. $VTLE

Parallel Advisors LLC increased its stake in shares of Vital Energy, Inc. (NYSE:VTLE) by 58.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the company’s stock after buying an additional 740 shares during the quarter. Parallel Advisors LLC’s holdings in Vital Energy were worth $32,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Public Sector Pension Investment Board increased its position in shares of Vital Energy by 27.0% in the first quarter. Public Sector Pension Investment Board now owns 85,483 shares of the company’s stock worth $1,814,000 after purchasing an additional 18,171 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Vital Energy by 53.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,652 shares of the company’s stock valued at $311,000 after purchasing an additional 5,079 shares during the period. Vanguard Group Inc. raised its stake in Vital Energy by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,162,797 shares of the company’s stock worth $45,895,000 after buying an additional 46,300 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Vital Energy in the 1st quarter valued at approximately $3,961,000. Finally, Jump Financial LLC grew its position in shares of Vital Energy by 939.7% in the 1st quarter. Jump Financial LLC now owns 261,721 shares of the company’s stock worth $5,554,000 after buying an additional 236,548 shares during the period. Institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company reiterated a “mixed” rating on shares of Vital Energy in a research note on Tuesday, July 15th. Mizuho dropped their price target on Vital Energy from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Zacks Research upgraded Vital Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Raymond James Financial lowered shares of Vital Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of Vital Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $27.80.

Vital Energy Stock Up 2.7%

Vital Energy stock opened at $18.33 on Friday. Vital Energy, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $36.72. The firm has a 50 day moving average price of $16.79 and a 200 day moving average price of $17.09. The company has a market capitalization of $709.18 million, a PE ratio of -0.93 and a beta of 1.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.The company had revenue of $429.63 million for the quarter, compared to analyst estimates of $481.25 million. During the same quarter in the previous year, the company posted $1.46 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. Research analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current year.

Insiders Place Their Bets

In other Vital Energy news, major shareholder Richard D. Campbell sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $18.25, for a total value of $4,562,500.00. Following the transaction, the insider directly owned 7,618,933 shares of the company’s stock, valued at $139,045,527.25. This trade represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% 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.