Y Intercept Hong Kong Ltd Buys New Shares in Vitesse Energy, Inc. (NYSE:VTS)

Y Intercept Hong Kong Ltd purchased a new position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,717 shares of the company's stock, valued at approximately $443,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of Vitesse Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VTS. International Assets Investment Management LLC boosted its holdings in shares of Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company's stock valued at $33,000 after acquiring an additional 1,312 shares during the period. Quest Partners LLC purchased a new stake in Vitesse Energy in the 3rd quarter valued at $34,000. Wilmington Savings Fund Society FSB acquired a new stake in Vitesse Energy during the 3rd quarter worth $78,000. R Squared Ltd acquired a new stake in Vitesse Energy during the 4th quarter worth $79,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Vitesse Energy by 143.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company's stock worth $150,000 after purchasing an additional 3,679 shares during the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Stock Performance

Shares of VTS stock traded down $0.20 during mid-day trading on Thursday, hitting $23.69. The stock had a trading volume of 56,387 shares, compared to its average volume of 174,521. The firm has a market cap of $699.75 million, a PE ratio of 16.22 and a beta of 0.51. The company's 50-day simple moving average is $26.12 and its 200-day simple moving average is $25.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. Vitesse Energy, Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $28.41.

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Insider Buying and Selling

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total value of $217,336.67. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael Sabol sold 6,714 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now 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 disclosure for this sale can be found here. 15.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VTS has been the subject of a number of research reports. Northland Securities upped their target price on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Northland Capmk raised Vitesse Energy to a "strong-buy" rating in a research note on Thursday, January 16th. Finally, Alliance Global Partners upgraded Vitesse Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th.

Vitesse Energy 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.