Vitesse Energy (NYSE:VTS) Rating Increased to Strong-Buy at Northland Capmk

Vitesse Energy (NYSE:VTS - Get Free Report) was upgraded by research analysts at Northland Capmk to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on VTS. Northland Securities boosted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday. Alliance Global Partners upgraded shares of Vitesse Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $26.00 to $29.00 in a report on Tuesday, December 17th.

Vitesse Energy Trading Up 0.4 %

Shares of NYSE VTS traded up $0.10 during midday trading on Thursday, reaching $27.35. 155,326 shares of the stock were exchanged, compared to its average volume of 207,399. Vitesse Energy has a 12 month low of $19.63 and a 12 month high of $28.41. The company has a market capitalization of $807.92 million, a price-to-earnings ratio of 18.73 and a beta of 0.51. 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 business has a 50-day simple moving average of $26.59 and a two-hundred day simple moving average of $25.50.

Insider Buying and Selling at Vitesse Energy

In other news, VP Michael Sabol sold 6,714 shares of the company's stock in a transaction dated Tuesday, January 14th. The shares were 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 approximately $1,693,073.70. This represents a 9.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mike Morella sold 8,143 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now directly owns 81,615 shares of the company's stock, valued at $2,178,304.35. This represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.80% of the company's stock.

Institutional Trading of Vitesse Energy

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in Vitesse Energy by 3.0% during the second quarter. Rhumbline Advisers now owns 42,572 shares of the company's stock worth $1,009,000 after buying an additional 1,257 shares in the last quarter. American Century Companies Inc. lifted its position 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 period. Dimensional Fund Advisors LP grew its holdings in shares of Vitesse Energy by 18.8% during the 2nd 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 in the last quarter. Squarepoint Ops LLC increased its position in shares of Vitesse Energy by 38.3% in the second quarter. Squarepoint Ops LLC now owns 68,307 shares of the company's stock worth $1,619,000 after purchasing an additional 18,904 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Vitesse Energy by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company's stock valued at $230,000 after purchasing an additional 492 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors.

About Vitesse Energy

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.