Vitesse Energy (NYSE:VTS) Receives In-Line Rating from Evercore ISI

Evercore ISI reiterated their in-line rating on shares of Vitesse Energy (NYSE:VTS - Free Report) in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have a $28.00 price objective on the stock.

A number of other research analysts have also issued reports on VTS. Alliance Global Partners raised 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 report on Tuesday, December 17th. Northland Capmk upgraded Vitesse Energy to a "strong-buy" rating in a research note on Thursday, January 16th. Finally, Northland Securities lifted their price target on Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th.

Vitesse Energy Stock Performance

Shares of NYSE:VTS traded down $1.03 during trading on Wednesday, reaching $22.92. The company had a trading volume of 561,214 shares, compared to its average volume of 183,073. The firm has a market capitalization of $884.25 million, a price-to-earnings ratio of 15.70 and a beta of 0.53. 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 stock's fifty day moving average price is $25.72 and its 200 day moving average price is $25.74. Vitesse Energy has a fifty-two week low of $21.83 and a fifty-two week high of $28.41.

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Vitesse Energy Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, March 21st. This is an increase from Vitesse Energy's previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.82%. Vitesse Energy's payout ratio is 351.56%.

Insiders Place Their Bets

In other Vitesse Energy news, VP Michael Sabol sold 6,714 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now directly owns 63,411 shares in the company, valued at approximately $1,693,073.70. The trade was a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mike Morella sold 8,143 shares of the business's 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 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 ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vitesse Energy

A number of institutional investors have recently made changes to their positions in VTS. one8zero8 LLC acquired a new position in shares of Vitesse Energy in the fourth quarter worth $3,330,000. Dimensional Fund Advisors LP raised its holdings in shares of Vitesse Energy by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company's stock worth $29,031,000 after acquiring an additional 125,988 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Vitesse Energy by 112.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company's stock worth $5,450,000 after acquiring an additional 119,861 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Vitesse Energy by 61.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company's stock worth $7,264,000 after acquiring an additional 110,830 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Vitesse Energy by 877.8% in the fourth quarter. Marshall Wace LLP now owns 121,468 shares of the company's stock worth $3,037,000 after acquiring an additional 109,046 shares during the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

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.