LPL Financial LLC Takes $800,000 Position in Vital Energy, Inc. (NYSE:VTLE)

LPL Financial LLC purchased a new stake in shares of Vital Energy, Inc. (NYSE:VTLE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,715 shares of the company’s stock, valued at approximately $800,000. LPL Financial LLC owned 0.10% of Vital Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV acquired a new stake in Vital Energy in the second quarter worth about $60,000. Spartan Fund Management Inc. acquired a new stake in Vital Energy in the second quarter worth about $110,000. Fifth Third Bancorp acquired a new stake in Vital Energy in the second quarter worth about $184,000. Koss Olinger Consulting LLC acquired a new stake in Vital Energy in the second quarter worth about $202,000. Finally, Denali Advisors LLC acquired a new stake in Vital Energy in the second quarter worth about $208,000. Institutional investors and hedge funds own 86.59% of the company’s stock.

Analyst Upgrades and Downgrades

VTLE has been the subject of several research analyst reports. Mizuho upped their price objective on shares of Vital Energy from $54.00 to $63.00 and gave the stock an “underperform” rating in a report on Wednesday, August 16th. Citigroup started coverage on shares of Vital Energy in a research report on Monday. They issued a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $122.00 price target on shares of Vital Energy in a research report on Thursday, September 14th. TheStreet upgraded shares of Vital Energy from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Finally, Piper Sandler dropped their price target on shares of Vital Energy from $64.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Vital Energy has a consensus rating of “Hold” and a consensus price target of $69.50.

Insider Activity

In other news, SVP Mark David Denny sold 5,496 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $54.75, for a total value of $300,906.00. Following the transaction, the senior vice president now owns 18,494 shares in the company, valued at approximately $1,012,546.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Vital Energy Price Performance

NYSE VTLE opened at $46.67 on Tuesday. The stock’s 50-day moving average price is $51.56 and its two-hundred day moving average price is $49.89. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.34 billion, a PE ratio of 1.53 and a beta of 3.27. Vital Energy, Inc. has a 1 year low of $39.74 and a 1 year high of $65.08.

Vital Energy Company 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.