Teacher Retirement System of Texas Purchases New Shares in Vine Energy Inc. (NYSE:VEI)

Teacher Retirement System of Texas purchased a new stake in Vine Energy Inc. (NYSE:VEI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 700,000 shares of the company’s stock, valued at approximately $9,618,000. Teacher Retirement System of Texas owned 0.97% of Vine Energy at the end of the most recent reporting period.

Shares of VEI stock opened at $15.26 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.75. Vine Energy Inc. has a twelve month low of $10.85 and a twelve month high of $16.07. The stock’s fifty day simple moving average is $13.33.

In other Vine Energy news, major shareholder Blackstone Energy Partners Ii acquired 4,285,000 shares of the company’s stock in a transaction that occurred on Monday, March 22nd. The stock was acquired at an average cost of $13.30 per share, for a total transaction of $56,990,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

VEI has been the subject of several recent research reports. Barclays initiated coverage on Vine Energy in a research note on Monday, April 12th. They issued an “equal weight” rating and a $14.00 price target for the company. Bank of America began coverage on Vine Energy in a research note on Monday, April 12th. They issued a “buy” rating and a $21.00 price target for the company. Citigroup began coverage on Vine Energy in a research report on Monday, April 12th. They set a “buy” rating and a $16.50 target price for the company. Royal Bank of Canada began coverage on Vine Energy in a research report on Monday, April 12th. They set an “outperform” rating and a $17.00 target price for the company. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Vine Energy in a research report on Monday, April 12th. They set a “buy” rating and a $16.50 target price for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $17.63.

Vine Energy Profile

Vine Energy Inc, an energy company, focuses on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The company was founded in 2014 and is based in Plano, Texas.

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Institutional Ownership by Quarter for Vine Energy (NYSE:VEI)

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