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Ashford Capital Management Inc. Invests $572,000 in Vitesse Energy, Inc. (NYSE:VTS)

Vitesse Energy logo with Oils/Energy background

Ashford Capital Management Inc. purchased a new position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,820 shares of the company's stock, valued at approximately $572,000. Ashford Capital Management Inc. owned approximately 0.08% of Vitesse Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in VTS. nVerses Capital LLC purchased a new stake in Vitesse Energy during the 2nd quarter worth about $26,000. International Assets Investment Management LLC grew its holdings in shares of Vitesse Energy by 2,301.8% during the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company's stock worth $33,000 after buying an additional 1,312 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Vitesse Energy in the third quarter valued at approximately $34,000. Cullen Frost Bankers Inc. purchased a new position in shares of Vitesse Energy during the second quarter valued at approximately $36,000. Finally, Quent Capital LLC lifted its stake in shares of Vitesse Energy by 25.7% during the third quarter. Quent Capital LLC now owns 5,579 shares of the company's stock valued at $134,000 after buying an additional 1,141 shares during the period. 51.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Alliance Global Partners cut shares of Vitesse Energy from a "buy" rating to a "neutral" rating and set a $26.00 target price for the company. in a research note on Wednesday, November 6th.

Read Our Latest Stock Analysis on Vitesse Energy

Insider Activity at Vitesse Energy

In other news, CEO Robert W. Gerrity purchased 10,000 shares of the stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $24.73 per share, with a total value of $247,300.00. Following the completion of the transaction, the chief executive officer now owns 495,311 shares in the company, valued at approximately $12,249,041.03. The trade was a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 15.80% of the stock is owned by insiders.

Vitesse Energy Trading Down 0.0 %

NYSE:VTS traded down $0.01 during mid-day trading on Tuesday, reaching $27.26. The company's stock had a trading volume of 111,312 shares, compared to its average volume of 189,984. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $805.37 million, a P/E ratio of 18.86 and a beta of 0.34. The company's fifty day simple moving average is $26.34 and its two-hundred day simple moving average is $25.19. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $28.41.

Vitesse Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.525 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.10 annualized dividend and a dividend yield of 7.70%. Vitesse Energy's dividend payout ratio is presently 143.84%.

Vitesse Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vitesse Energy (NYSE:VTS)

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