one8zero8 LLC Makes New Investment in Vitesse Energy, Inc. (NYSE:VTS)

one8zero8 LLC purchased a new stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 133,206 shares of the company's stock, valued at approximately $3,330,000. one8zero8 LLC owned 0.45% of Vitesse Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC grew its position in shares of Vitesse Energy by 415.4% during the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock worth $184,000 after buying an additional 5,944 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Vitesse Energy in the fourth quarter worth $569,000. Proficio Capital Partners LLC acquired a new position in Vitesse Energy in the fourth quarter worth $318,000. Victory Capital Management Inc. boosted its holdings in Vitesse Energy by 65.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock worth $437,000 after purchasing an additional 6,916 shares during the period. Finally, Fort Sheridan Advisors LLC boosted its holdings in Vitesse Energy by 6.5% in the fourth quarter. Fort Sheridan Advisors LLC now owns 22,708 shares of the company's stock worth $568,000 after purchasing an additional 1,389 shares during the period. Hedge funds and other institutional investors own 51.63% of the company's stock.

Insider Activity at Vitesse Energy

In related news, VP Michael Sabol sold 6,714 shares of Vitesse Energy stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now directly owns 63,411 shares in the company, valued at $1,693,073.70. The trade was a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, the chief accounting officer now owns 81,615 shares in the company, valued at approximately $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.80% of the company's stock.

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Vitesse Energy Stock Performance

VTS stock traded down $0.23 during mid-day trading on Thursday, reaching $23.97. The company had a trading volume of 353,239 shares, compared to its average volume of 181,167. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $924.52 million, a P/E ratio of 16.41 and a beta of 0.53. Vitesse Energy, Inc. has a one year low of $21.83 and a one year high of $28.41. The stock's 50-day simple moving average is $25.83 and its two-hundred day simple moving average is $25.76.

Vitesse Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be paid a dividend of $0.5625 per share. This is a boost from Vitesse Energy's previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date is Friday, March 21st. Vitesse Energy's payout ratio is currently 351.56%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Northland Securities lifted their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, January 16th. Alliance Global Partners raised shares of Vitesse Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th. Evercore ISI reaffirmed an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a report on Wednesday. Finally, Northland Capmk upgraded Vitesse Energy to a "strong-buy" rating in a research note on Thursday, January 16th.

Vitesse Energy Company Profile

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.