Harvest Fund Management Co. Ltd Buys 19,412 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Harvest Fund Management Co. Ltd raised its holdings in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 49,774.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,451 shares of the company's stock after acquiring an additional 19,412 shares during the period. Harvest Fund Management Co. Ltd owned about 0.07% of Vitesse Energy worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of VTS. Quest Partners LLC bought a new position in shares of Vitesse Energy during the 3rd quarter valued at about $34,000. Wilmington Savings Fund Society FSB bought a new position in Vitesse Energy in the third quarter valued at approximately $78,000. R Squared Ltd acquired a new position in shares of Vitesse Energy in the fourth quarter valued at approximately $79,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Vitesse Energy by 143.7% during the third 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 in the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Vitesse Energy by 415.4% during the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock worth $184,000 after acquiring an additional 5,944 shares during the period. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Up 0.5 %

Shares of NYSE:VTS traded up $0.12 during midday trading on Wednesday, reaching $24.64. The company had a trading volume of 273,522 shares, compared to its average volume of 230,947. The business's 50 day moving average price is $25.63 and its 200 day moving average price is $25.74. Vitesse Energy, Inc. has a 1-year low of $21.83 and a 1-year high of $28.41. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market cap of $950.56 million, a PE ratio of 16.88 and a beta of 0.53.

Vitesse Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.13%. This is a boost from Vitesse Energy's previous quarterly dividend of $0.53. Vitesse Energy's dividend payout ratio is currently 351.56%.

Insider Activity

In related news, CAO Mike Morella sold 8,143 shares of the firm's 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 sale, the chief accounting officer now directly owns 81,615 shares in the company, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their position. The sale was disclosed in a document filed 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 transaction, the vice president now directly owns 63,411 shares in the company, valued at approximately $1,693,073.70. This trade 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 insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Northland Capmk raised shares of Vitesse Energy to a "strong-buy" rating in a research note on Thursday, January 16th. 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. Alliance Global Partners upgraded Vitesse Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th. Finally, Northland Securities raised 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.

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.