New York State Teachers Retirement System Purchases 1,797 Shares of Vital Energy, Inc. (NYSE:VTLE)

New York State Teachers Retirement System lifted its position in Vital Energy, Inc. (NYSE:VTLEFree Report) by 13.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,989 shares of the company’s stock after purchasing an additional 1,797 shares during the quarter. New York State Teachers Retirement System’s holdings in Vital Energy were worth $788,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Vital Energy by 18.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock valued at $97,000 after buying an additional 274 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Vital Energy by 42.0% in the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after purchasing an additional 277 shares in the last quarter. ORG Partners LLC boosted its stake in Vital Energy by 100.0% in the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares in the last quarter. GAMMA Investing LLC boosted its stake in Vital Energy by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in Vital Energy by 3.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 14,495 shares of the company’s stock worth $804,000 after purchasing an additional 461 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VTLE has been the topic of several recent research reports. Truist Financial lowered their price objective on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Mizuho increased their price objective on shares of Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. KeyCorp raised their target price on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Vital Energy from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.50.

Read Our Latest Stock Analysis on Vital Energy

Vital Energy Stock Down 0.1 %

NYSE:VTLE traded down $0.06 during mid-day trading on Tuesday, reaching $45.08. The company’s stock had a trading volume of 833,775 shares, compared to its average volume of 775,492. Vital Energy, Inc. has a 1 year low of $40.00 and a 1 year high of $62.87. The stock has a fifty day moving average of $51.25 and a 200-day moving average of $47.87. The firm has a market capitalization of $1.65 billion, a PE ratio of 1.87 and a beta of 3.21. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75.

Vital Energy (NYSE:VTLEGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. The business had revenue of $482.34 million during the quarter, compared to the consensus estimate of $454.97 million. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. Equities research analysts forecast that Vital Energy, Inc. will post 7.89 earnings per share for the current year.

Vital Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vital Energy (NYSE:VTLE)

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