GoodHaven Capital Management LLC increased its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,865 shares of the company's stock after acquiring an additional 39,340 shares during the quarter. Vitesse Energy accounts for about 4.3% of GoodHaven Capital Management LLC's holdings, making the stock its 10th largest position. GoodHaven Capital Management LLC owned approximately 1.80% of Vitesse Energy worth $13,272,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Inlet Private Wealth LLC raised its stake in Vitesse Energy by 0.7% during the 4th quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company's stock valued at $1,491,000 after purchasing an additional 400 shares during the period. Principal Financial Group Inc. lifted its stake in Vitesse Energy by 5.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company's stock worth $220,000 after acquiring an additional 418 shares in the last quarter. Rhumbline Advisers lifted its stake in Vitesse Energy by 1.6% in the 4th quarter. Rhumbline Advisers now owns 41,929 shares of the company's stock worth $1,048,000 after acquiring an additional 660 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Vitesse Energy by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company's stock worth $5,807,000 after acquiring an additional 853 shares during the period. Finally, Fort Sheridan Advisors LLC grew its stake in Vitesse Energy by 6.5% during the 4th quarter. Fort Sheridan Advisors LLC now owns 22,708 shares of the company's stock valued at $568,000 after acquiring an additional 1,389 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.
Insider Buying and Selling
In related news, CAO Mike Morella sold 8,143 shares of the firm's stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Sabol sold 6,714 shares of the company'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 of the company's stock, 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. 15.80% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Northland Capmk upgraded shares of Vitesse Energy to a "strong-buy" rating in a report on Thursday, January 16th. Alliance Global Partners raised shares of Vitesse Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th. Northland Securities upped their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday, January 16th. Finally, Evercore ISI reiterated an "in-line" rating and set a $28.00 price objective on shares of Vitesse Energy in a report on Wednesday, March 19th.
Check Out Our Latest Research Report on Vitesse Energy
Vitesse Energy Stock Up 6.9 %
VTS traded up $1.57 during midday trading on Monday, hitting $24.46. 689,967 shares of the company's stock traded hands, compared to its average volume of 185,101. 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 company has a market cap of $943.58 million, a PE ratio of 16.75 and a beta of 0.53. The stock's fifty day simple moving average is $25.72 and its 200-day simple moving average is $25.74. Vitesse Energy, Inc. has a one year low of $21.83 and a one year high of $28.41.
Vitesse Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 9.20%. 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. Vitesse Energy's payout ratio is presently 351.56%.
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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