Vitesse Energy, Inc. (NYSE:VTS) CAO Mike Morella Sells 8,143 Shares

Vitesse Energy, Inc. (NYSE:VTS) CAO Mike Morella sold 8,143 shares of the 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Vitesse Energy Stock Performance

VTS opened at $27.23 on Friday. The stock’s 50 day simple moving average is $26.59 and its 200 day simple moving average is $25.48. The stock has a market cap of $804.37 million, a P/E ratio of 18.65 and a beta of 0.51. Vitesse Energy, Inc. has a 1-year low of $19.63 and a 1-year high of $28.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75.

Vitesse Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date of this dividend was Monday, December 16th. Vitesse Energy’s dividend payout ratio is currently 143.84%.

Wall Street Analyst Weigh In

VTS has been the subject of a number of recent analyst reports. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Northland Securities boosted their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday.

Institutional Investors Weigh In On Vitesse Energy

Several institutional investors and hedge funds have recently made changes to their positions in VTS. Rhumbline Advisers increased its holdings in Vitesse Energy by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 42,572 shares of the company’s stock valued at $1,009,000 after acquiring an additional 1,257 shares in the last quarter. American Century Companies Inc. increased its stake 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 worth $6,769,000 after purchasing an additional 207,831 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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. Pekin Hardy Strauss Inc. lifted its stake in Vitesse Energy by 10.5% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 20,970 shares of the company’s stock valued at $497,000 after buying an additional 2,000 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Vitesse Energy by 38.3% during the 2nd quarter. Squarepoint Ops LLC now owns 68,307 shares of the company’s stock valued at $1,619,000 after buying an additional 18,904 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

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.