Westwood Holdings Group Inc. Sells 1,561,378 Shares of Vital Energy, Inc. $VTLE

Westwood Holdings Group Inc. lessened its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 47.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,723,206 shares of the company’s stock after selling 1,561,378 shares during the period. Westwood Holdings Group Inc. owned approximately 4.44% of Vital Energy worth $27,726,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC increased its position in shares of Vital Energy by 58.7% during the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $32,000 after acquiring an additional 740 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Vital Energy in the 2nd quarter worth $58,000. Signaturefd LLC increased its holdings in Vital Energy by 146.8% during the 2nd quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock worth $75,000 after purchasing an additional 2,787 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Vital Energy by 249.3% in the 2nd quarter. GAMMA Investing LLC now owns 5,044 shares of the company’s stock valued at $81,000 after purchasing an additional 3,600 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Vital Energy by 12,277.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,446 shares of the company’s stock valued at $88,000 after purchasing an additional 5,402 shares during the period. Institutional investors own 86.54% of the company’s stock.

Vital Energy Trading Up 1.6%

Shares of Vital Energy stock opened at $17.52 on Friday. Vital Energy, Inc. has a 12-month low of $12.30 and a 12-month high of $36.72. The stock has a market cap of $677.89 million, a P/E ratio of -0.89 and a beta of 1.39. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average is $16.35 and its 200-day moving average is $16.74.

Vital Energy (NYSE:VTLE) last released its earnings results on Monday, November 3rd. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.07). Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The firm had revenue of $420.83 million during the quarter, compared to the consensus estimate of $458.87 million. During the same period in the prior year, the business posted $1.61 earnings per share. Vital Energy’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts predict that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen cut Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Piper Sandler upped their price target on Vital Energy from $16.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vital Energy in a research note on Wednesday, October 8th. Zacks Research lowered shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Mizuho increased their target price on shares of Vital Energy from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $27.56.

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.