Proficio Capital Partners LLC acquired a new stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,725 shares of the company's stock, valued at approximately $318,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of Vitesse Energy during the 3rd quarter worth about $254,000. Quest Partners LLC bought a new position in Vitesse Energy during the third quarter valued at about $34,000. Charles Schwab Investment Management Inc. raised its holdings in Vitesse Energy by 112.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company's stock valued at $5,450,000 after acquiring an additional 119,861 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Vitesse Energy by 143.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company's stock worth $150,000 after acquiring an additional 3,679 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Vitesse Energy during the 3rd quarter worth approximately $288,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of Vitesse Energy 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. The trade was a 9.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 down $0.18 during midday trading on Friday, reaching $24.53. 107,815 shares of the company traded hands, compared to its average volume of 191,411. Vitesse Energy, Inc. has a 12 month low of $21.83 and a 12 month 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. The stock's 50-day simple moving average is $25.53 and its 200-day simple moving average is $25.73. The firm has a market cap of $946.28 million, a PE ratio of 16.80 and a beta of 0.53.
Vitesse Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be given a $0.5625 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Vitesse Energy's previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a yield of 9.17%. Vitesse Energy's payout ratio is 351.56%.
Analysts Set New Price Targets
A number of research analysts recently commented on VTS shares. Northland Securities upped their target price on Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. Alliance Global Partners raised shares of Vitesse Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th. Evercore ISI reissued an "in-line" rating and issued a $28.00 target price on shares of Vitesse Energy in a research note on Wednesday, March 19th. Finally, Northland Capmk raised shares of Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th.
Get Our Latest Research Report on VTS
About Vitesse Energy
(
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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