Teacher Retirement System of Texas Takes Position in Vine Energy Inc. (NYSE:VEI)

Teacher Retirement System of Texas bought a new stake in Vine Energy Inc. (NYSE:VEI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 700,000 shares of the company’s stock, valued at approximately $9,618,000.

A number of research firms have recently weighed in on VEI. Citigroup began coverage on Vine Energy in a report on Monday, April 12th. They issued a “buy” rating and a $16.50 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Vine Energy in a research report on Monday, April 12th. They set a “buy” rating and a $16.50 price target for the company. Credit Suisse Group began coverage on Vine Energy in a research report on Monday, April 12th. They set an “outperform” rating and a $15.00 price target for the company. Royal Bank of Canada began coverage on Vine Energy in a research report on Monday, April 12th. They set an “outperform” rating and a $17.00 price target for the company. Finally, Bank of America began coverage on Vine Energy in a research report on Monday, April 12th. They set a “buy” rating and a $21.00 price target for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.63.

In other news, major shareholder Blackstone Energy Partners Ii bought 4,285,000 shares of the firm’s stock in a transaction on Monday, March 22nd. The stock was acquired at an average cost of $13.30 per share, with a total value of $56,990,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE:VEI opened at $15.26 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a fifty day moving average price of $13.33. Vine Energy Inc. has a 1 year low of $10.85 and a 1 year high of $16.07.

About Vine Energy

Vine Energy Inc, an energy company, focuses on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The company was founded in 2014 and is based in Plano, Texas.

Featured Story: Call Option Volume

Want to see what other hedge funds are holding VEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vine Energy Inc. (NYSE:VEI).

Institutional Ownership by Quarter for Vine Energy (NYSE:VEI)

Receive News & Ratings for Vine Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vine Energy and related companies with MarketBeat.com's FREE daily email newsletter.