Universal Beteiligungs und Servicegesellschaft mbH Buys New Stake in Vital Energy, Inc. $VTLE

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Vital Energy, Inc. (NYSE:VTLE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,579 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently bought and sold shares of the company. Western Wealth Management LLC increased its stake in shares of Vital Energy by 22.9% in the second quarter. Western Wealth Management LLC now owns 16,826 shares of the company’s stock worth $271,000 after purchasing an additional 3,135 shares during the period. Intech Investment Management LLC boosted its stake in Vital Energy by 92.7% during the 2nd quarter. Intech Investment Management LLC now owns 36,675 shares of the company’s stock valued at $590,000 after purchasing an additional 17,642 shares during the period. Cetera Investment Advisers grew its holdings in Vital Energy by 13.1% in the 2nd quarter. Cetera Investment Advisers now owns 45,668 shares of the company’s stock valued at $735,000 after buying an additional 5,286 shares during the last quarter. Creative Planning bought a new position in Vital Energy in the 2nd quarter worth approximately $1,007,000. Finally, SG Americas Securities LLC increased its position in Vital Energy by 8.6% in the 2nd quarter. SG Americas Securities LLC now owns 22,571 shares of the company’s stock worth $363,000 after buying an additional 1,792 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Vital Energy Trading Up 2.3%

Shares of Vital Energy stock opened at $17.91 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 capitalization of $692.74 million, a P/E ratio of -0.90 and a beta of 1.39. The company has a 50-day simple moving average of $16.55 and a 200 day simple moving average of $16.88. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.10.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data 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 positive return on equity of 11.86% and a negative net margin of 38.52%.The firm had revenue of $420.83 million for the quarter, compared to the consensus estimate of $458.87 million. During the same period in the prior year, the company posted $1.61 earnings per share. Vital Energy’s quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts expect that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on VTLE. Piper Sandler reduced their price objective on Vital Energy from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Wall Street Zen downgraded shares of Vital Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Zacks Research downgraded shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Citigroup reaffirmed a “neutral” rating on shares of Vital Energy in a research report on Monday, November 17th. Finally, Wells Fargo & Company decreased their target price on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Vital Energy has an average rating of “Reduce” and an average target price of $27.00.

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.