10,578 Shares in Vitesse Energy, Inc. (NYSE:VTS) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,578 shares of the company's stock, valued at approximately $264,000.

A number of other large investors also recently added to or reduced their stakes in VTS. LPL Financial LLC increased its stake in shares of Vitesse Energy by 31.3% during the fourth quarter. LPL Financial LLC now owns 17,344 shares of the company's stock worth $434,000 after buying an additional 4,132 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Vitesse Energy during the 4th quarter worth approximately $104,000. American Century Companies Inc. increased its position in shares of Vitesse Energy by 18.6% in the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company's stock valued at $15,352,000 after purchasing an additional 96,463 shares during the last quarter. GoodHaven Capital Management LLC raised its stake in Vitesse Energy by 8.0% in the fourth quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company's stock valued at $13,272,000 after buying an additional 39,340 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in Vitesse Energy by 49,774.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 19,451 shares of the company's stock worth $485,000 after purchasing an additional 19,412 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VTS shares. Alliance Global Partners raised Vitesse Energy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Northland Capmk upgraded Vitesse Energy to a "strong-buy" rating in a research note on Thursday, January 16th. Evercore ISI restated an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a research note on Wednesday, March 19th. Finally, Northland Securities lifted their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th.

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Insiders Place Their Bets

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the stock in a transaction dated Tuesday, January 14th. The shares were 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 directly owns 81,615 shares of the company's stock, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Michael Sabol sold 6,714 shares of the business's stock in a transaction that occurred 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 directly owns 63,411 shares in the company, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. 18.15% of the stock is currently owned by company insiders.

Vitesse Energy Stock Performance

VTS traded up $0.04 during trading on Wednesday, reaching $24.88. The company's stock had a trading volume of 82,795 shares, compared to its average volume of 231,220. The company has a market capitalization of $959.82 million, a price-to-earnings ratio of 17.04 and a beta of 0.53. The company's fifty day moving average price is $25.38 and its 200-day moving average price is $25.76. Vitesse Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $28.41. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date was Friday, March 21st. This is a positive change from Vitesse Energy's previous quarterly dividend of $0.53. Vitesse Energy's dividend payout ratio is currently 351.56%.

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.