Range Financial Group LLC Has $1.34 Million Stock Holdings in Vital Energy, Inc. $VTLE

Range Financial Group LLC lifted its position in Vital Energy, Inc. (NYSE:VTLE) by 523.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 79,346 shares of the company’s stock after purchasing an additional 66,618 shares during the period. Range Financial Group LLC’s holdings in Vital Energy were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of VTLE. PDT Partners LLC bought a new position in Vital Energy in the 1st quarter worth approximately $3,961,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Vital Energy in the first quarter valued at approximately $1,152,000. Raymond James Financial Inc. grew its stake in shares of Vital Energy by 65.3% in the first quarter. Raymond James Financial Inc. now owns 214,967 shares of the company’s stock worth $4,562,000 after acquiring an additional 84,899 shares during the last quarter. Bayforest Capital Ltd bought a new position in Vital Energy during the first quarter worth $502,000. Finally, Creative Planning acquired a new position in Vital Energy during the 2nd quarter valued at $1,007,000. 86.54% of the stock is owned by institutional investors.

Vital Energy Trading Up 0.1%

VTLE stock opened at $18.11 on Tuesday. Vital Energy, Inc. has a 1-year low of $12.30 and a 1-year high of $36.72. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average is $17.21 and its 200-day moving average is $17.15. The firm has a market cap of $700.71 million, a P/E ratio of -0.52 and a beta of 1.12.

Vital Energy (NYSE:VTLE) last posted its earnings results on Monday, November 3rd. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.07). Vital Energy had a positive return on equity of 13.40% and a negative net margin of 69.28%.The company had revenue of $420.83 million for the quarter, compared to the consensus estimate of $458.87 million. During the same quarter last year, the business earned $1.61 EPS. Vital Energy’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Zacks Research lowered shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Piper Sandler reduced their target price on shares of Vital Energy from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. Mizuho set a $23.00 target price on Vital Energy in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Vital Energy in a report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price objective on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Vital Energy currently has a consensus rating of “Reduce” and a consensus price target of $27.22.

About Vital Energy

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. Vital Energy, Inc was founded in 2006 and is headquartered in Tulsa, Oklahoma.