Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Vital Energy Inc. shares valued at $207,412 were sold by PIGOTT M. JASON on Feb 01. At $55.31 per share, PIGOTT M. JASON sold 3,750 shares. The insider’s holdings dropped to 95,657 shares worth approximately $4.73 million following the completion of this transaction.
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Analyzing VTLE Stock Performance
On Thursday, Vital Energy Inc. [NYSE: VTLE] plunged -4.82% to $49.41. The stock’s lowest price that day was $49.33, but it reached a high of $53.02 in the same session. During the last five days, there has been a drop of approximately -9.17%. Over the course of the year, Vital Energy Inc. shares have dropped approximately -3.91%. Shares of the company reached a 52-week high of $58.47 on 01/27/23 and a 52-week low of $45.66 on 02/22/23. A 50-day SMA is recorded $52.03, while a 200-day SMA reached $66.27. Nevertheless, trading volume fell to 0.68 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Vital Energy Inc. (VTLE)
According to the 24-hour chart, there is a support level at 48.15, which, if violated, would cause prices to drop to 46.90. In the upper region, resistance lies at 51.84. The next price resistance is at 54.28. RSI (Relative Strength Index) is 43.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 69.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Vital Energy Inc. subject to short interest?
Stocks of Vital Energy Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.19 million shares to 2.46 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 2.27 million shares. A jump of 7.72% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.68 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.68.
Which companies own the most shares of Vital Energy Inc. (VTLE)?
According to BlackRock Fund Advisors filings, the company currently owns 2,531,419 shares, which is about 15.06% of the total VTLE shares outstanding. The investor’s shares have appreciated by 290,953 from its previous 13-F filing of 2240466.0 shares. With the completion of the buy transaction, SSgA Funds Management, Inc.’s stake is now worth $137,545,056. The Vanguard Group, Inc. reduced a -1.80% interest valued at $61.91 million while Dimensional Fund Advisors LP purchased a 68,324 stake. A total of 256,317 shares of Vital Energy Inc. were bought by Invesco Capital Management LLC during the quarter, and 7,442 were bought by Geode Capital Management LLC. In its current portfolio, Pacer Advisors, Inc. holds 282,964 shares valued at $15.93 million.
In terms of Vital Energy Inc. share price expectations, FactSet research, analysts set an average price target of $75.90 in the next 12 months, up nearly 28.11% from the previous closing price of $51.91. Analysts anticipate Vital Energy Inc. stock to reach $133.00 by 2023, with the lowest price target being $54.00. In spite of this, 10 analysts ranked Vital Energy Inc. stock as an Overweight at the end of 2023.