5 Cheap Energy Stocks To Buy

2. Vital Energy, Inc. (NYSE:VTLE)

Forward Price To Earnings Ratio: 2.91

Number of Hedge Fund Investors In Q2 2023: 23

Vital Energy, Inc. (NYSE:VTLE) is a small American oil company with a presence in West Texas. It is currently busy scaling up its Permian Basin operations, and as part of this, the firm added 248 billion of oil equivalent reserves to its portfolio in September 2023.

As of June 2023, 23 out of the 910 hedge funds part of Insider Monkey’s research had invested in the company. Vital Energy, Inc. (NYSE:VTLE)’s biggest investor in our database is Israel Englander’s Millennium Management as it owns $15.8 million worth of shares.

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