Vitesse Energy (NYSE:VTS) Stock Price Expected to Rise, Northland Securities Analyst Says

Vitesse Energy (NYSE:VTS - Free Report) had its price objective upped by Northland Securities from $28.00 to $31.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Alliance Global Partners upgraded shares of Vitesse Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th.

Vitesse Energy Stock Performance

NYSE:VTS traded up $0.11 during midday trading on Thursday, reaching $27.23. The stock had a trading volume of 169,176 shares, compared to its average volume of 196,898. The stock has a market cap of $804.37 million, a P/E ratio of 18.65 and a beta of 0.51. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. Vitesse Energy has a 12-month low of $19.63 and a 12-month high of $28.41. The firm has a fifty day simple moving average of $26.59 and a two-hundred day simple moving average of $25.47.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.71%. The ex-dividend date was Monday, December 16th. Vitesse Energy's payout ratio is 143.84%.

Insiders Place Their Bets

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction that occurred on 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 sale, the chief accounting officer now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction, the vice president now directly owns 63,411 shares in the company, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by company insiders.

Institutional Trading of Vitesse Energy

A number of hedge funds have recently added to or reduced their stakes in VTS. American Century Companies Inc. increased its stake in shares of Vitesse Energy by 267.2% during the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company's stock valued at $6,769,000 after acquiring an additional 207,831 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Vitesse Energy by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company's stock worth $21,587,000 after purchasing an additional 144,166 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Vitesse Energy by 112.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company's stock worth $5,450,000 after purchasing an additional 119,861 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company's stock valued at $7,264,000 after buying an additional 110,830 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Vitesse Energy in the 3rd quarter worth $1,326,000. 51.63% of the stock is owned by institutional investors and hedge funds.

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.