Vitesse Energy (NYSE:VTS) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Vitesse Energy (NYSE:VTS) to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

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

Vitesse Energy Price Performance

Vitesse Energy stock opened at $27.34 on Thursday. The stock has a market capitalization of $807.48 million, a P/E ratio of 18.67 and a beta of 0.51. The company’s fifty day moving average price is $26.59 and its 200 day moving average price is $25.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. Vitesse Energy has a 1 year low of $19.63 and a 1 year high of $28.41.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date was Monday, December 16th. Vitesse Energy’s payout ratio is 143.84%.

Insider Transactions at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the 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 owns 81,615 shares in the company, valued at approximately $2,178,304.35. This represents a 9.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 owns 63,411 shares in the company, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

Institutional Trading of Vitesse Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in shares of Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after purchasing an additional 1,312 shares during the period. Quest Partners LLC acquired a new position in Vitesse Energy in the 3rd quarter valued at about $34,000. nVerses Capital LLC grew its stake in shares of Vitesse Energy by 54.5% in the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after buying an additional 600 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vitesse Energy during the 3rd quarter worth approximately $78,000. Finally, Quent Capital LLC raised its position in shares of Vitesse Energy by 25.7% during the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock valued at $134,000 after buying an additional 1,141 shares during the period. 51.63% of the stock is owned by institutional investors and hedge funds.

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.