Dynamic Technology Lab Private Ltd Purchases New Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,580 shares of the company's stock, valued at approximately $739,000. Dynamic Technology Lab Private Ltd owned 0.10% of Vitesse Energy at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Vitesse Energy by 112.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company's stock valued at $5,450,000 after purchasing an additional 119,861 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Vitesse Energy by 143.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company's stock valued at $150,000 after acquiring an additional 3,679 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Vitesse Energy in the third quarter worth $288,000. Jane Street Group LLC boosted its holdings in Vitesse Energy by 12.8% in the 3rd quarter. Jane Street Group LLC now owns 50,768 shares of the company's stock valued at $1,219,000 after purchasing an additional 5,777 shares during the period. Finally, Barclays PLC grew its position in Vitesse Energy by 325.7% in the 3rd quarter. Barclays PLC now owns 39,528 shares of the company's stock worth $950,000 after purchasing an additional 30,243 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the business's 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 transaction, the chief accounting officer now owns 81,615 shares of the company's stock, valued at approximately $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael Sabol sold 6,714 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total value 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 position. The disclosure for this sale can be found here. Insiders own 18.15% of the company's stock.

Vitesse Energy Price Performance

Shares of NYSE:VTS traded up $0.16 on Friday, hitting $19.90. The stock had a trading volume of 136,356 shares, compared to its average volume of 201,325. The firm's 50 day moving average price is $24.53 and its 200-day moving average price is $25.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. Vitesse Energy, Inc. has a twelve month low of $18.90 and a twelve month high of $28.41. The company has a market capitalization of $767.70 million, a price-to-earnings ratio of 13.59 and a beta of 0.56.

Vitesse Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 11.31%. This is a boost from Vitesse Energy's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, March 21st. Vitesse Energy's dividend payout ratio is currently 351.56%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Evercore ISI reaffirmed an "in-line" rating and issued a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th. Northland Capmk upgraded shares of Vitesse Energy to a "strong-buy" rating in a research note on Thursday, January 16th. Roth Mkm increased their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Northland Securities raised 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. Finally, Alliance Global Partners raised shares of Vitesse Energy from a "neutral" rating to a "buy" rating and upped their target price for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $30.25.

About Vitesse Energy

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.