Vital Energy, Inc. (NYSE:VTLE) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in shares of Vital Energy, Inc. (NYSE:VTLE) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 192,921 shares of the company’s stock after acquiring an additional 9,320 shares during the period. Empowered Funds LLC’s holdings in Vital Energy were worth $5,965,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in Vital Energy by 16.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,987 shares of the company’s stock valued at $627,000 after acquiring an additional 1,959 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Vital Energy by 1.7% during the second quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock valued at $1,447,000 after purchasing an additional 527 shares in the last quarter. Creative Planning lifted its holdings in Vital Energy by 454.6% in the third quarter. Creative Planning now owns 29,560 shares of the company’s stock worth $795,000 after purchasing an additional 24,230 shares during the period. nVerses Capital LLC grew its position in Vital Energy by 94.4% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock valued at $94,000 after buying an additional 1,700 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Vital Energy by 96.8% during the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock valued at $3,905,000 after buying an additional 71,385 shares during the period. 86.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VTLE has been the subject of a number of research analyst reports. Piper Sandler upped their price target on shares of Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Mizuho upped their target price on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their price objective on Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Finally, Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.90.

Vital Energy Trading Up 5.6 %

Shares of VTLE opened at $33.29 on Tuesday. The business’s 50-day moving average price is $32.18 and its 200 day moving average price is $31.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.27 billion, a P/E ratio of 2.33 and a beta of 3.12. Vital Energy, Inc. has a 1-year low of $25.85 and a 1-year high of $58.30.

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.