BlackRock Fund Advisors recently announced the acquisition of new stake in Vital Energy Inc. (NYSE:VTLE). The institutional investor has increased its shareholding in the Energy company by 15.38% to 2.58 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 15.37% valued currently at $132.92 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.24 million to 1.73 million shares. And The Vanguard Group, Inc. has lifted its position by 4.96% or 52979.0 shares – to 1.12 million shares.
With over 0.41 million Vital Energy Inc. (VTLE) shares trading Tuesday and a closing price of $49.80 on the day, the dollar volume was approximately $20.25 million. The shares have shown a negative half year performance of -30.90% and its price on 01/17/23 lost nearly -0.32%. Currently, there are 16.65M common shares owned by the public and among those 15.71M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for VTLE have a consensus price objective of $75.30. The analysts have set the share’s price value over the next 12 months at a high of $135.00 and a low of $54.00. The average price target is 36.7% above its recent price level and an upside to the estimated low will see the stock gain 7.78% over that period. But an upside of 63.11% will see the stock hit the forecast high price target while median target price for the stock is $66.00.
Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 135,674 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 146,560 shares.
The top 3 mutual fund holders in Vital Energy Inc. are SPDR S&P Oil & Gas Exploration &, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market Index. SPDR S&P Oil & Gas Exploration & owns 1.9 million shares of the company’s stock, all valued at over $97.7 million. The company sold 16638.0 shares recently to bring their total holdings to about 11.30% of the shares outstanding. iShares Core S&P Small Cap ETF sold 944.0 shares to see its total holdings shrink to 1.24 million shares valued at over $63.96 million and representing 7.40% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 2.88% of the shares outstanding.
Shares of Vital Energy Inc. (NYSE: VTLE) opened at $50.11, up $0.15 from a prior closing price of $49.96. However, the script later moved the day high at 50.92, down -0.32%. The company’s stock has a 5-day price change of 4.60% and -22.08% over the past three months. VTLE shares are trading -3.15% year to date (YTD), with the 12-month market performance down to -28.95% lower. It has a 12-month low price of $45.70 and touched a high of $120.86 over the same period. VTLE has an average intraday trading volume of 695.82K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.43%, -12.36%, and -28.92% respectively.
Institutional ownership of Vital Energy Inc. (NYSE: VTLE) shares accounts for 83.80% of the company’s 16.65M shares outstanding. Mutual fund holders own 28.74%, while other institutional holders and individual stakeholders account for 54.39% and 15.58% respectively.
It has a market capitalization of $831.66M and a beta (3y monthly) value of 3.39. The stock’s trailing 12-month PE ratio is 1.17, while the earnings-per-share (ttm) stands at $42.70. The company has a PEG of 0.11 and a Quick Ratio of 0.50 with the debt-to-equity ratio at 1.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.42% over the week and 4.92% over the month.
Earnings per share for the fiscal year are expected to increase by 113.40%, and 22.79% over the next financial year. EPS should shrink at an annualized rate of 10.49% over the next five years, compared to 19.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Vital Energy Inc. (VTLE) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 3 of the 10 advise that investors “hold,” and 1 rated it as a “Sell.”