Vitesse Energy (NYSE:VTS) Hits New 52-Week High - Here's Why

Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $28.65 and last traded at $28.65, with a volume of 447 shares changing hands. The stock had previously closed at $27.93.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lowered shares of Vitesse Energy from a "buy" rating to a "neutral" rating and set a $26.00 price objective on the stock. in a research report on Wednesday, November 6th.

Vitesse Energy Stock Performance

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 firm has a market cap of $829.48 million, a price-to-earnings ratio of 19.23 and a beta of 0.22. The firm's 50 day moving average is $25.94 and its 200-day moving average is $25.05.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.48%. The ex-dividend date of this dividend is Monday, December 16th. Vitesse Energy's dividend payout ratio is currently 143.84%.

Insider Activity

In related news, CEO Robert W. Gerrity bought 10,000 shares of Vitesse Energy stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the purchase, the chief executive officer now owns 495,311 shares in the company, valued at approximately $12,249,041.03. This represents a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 15.80% of the stock is owned by company insiders.

Institutional Trading of Vitesse Energy

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Vitesse Energy by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,015 shares of the company's stock worth $547,000 after buying an additional 993 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Vitesse Energy by 621.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 72,797 shares of the company's stock valued at $1,725,000 after buying an additional 62,702 shares during the period. Register Financial Advisors LLC boosted its stake in shares of Vitesse Energy by 635.8% in the 2nd quarter. Register Financial Advisors LLC now owns 13,981 shares of the company's stock valued at $331,000 after purchasing an additional 12,081 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Vitesse Energy during the 2nd quarter worth $1,287,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Vitesse Energy in the second quarter valued at about $281,000. Institutional investors own 51.63% of the company's stock.

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.