Ashford Capital Management Inc. Invests $572,000 in Vitesse Energy, Inc. (NYSE:VTS)

Ashford Capital Management Inc. bought a new stake in shares of Vitesse Energy, Inc. (NYSE:VTS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,820 shares of the company’s stock, valued at approximately $572,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in 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 buying an additional 207,831 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Vitesse Energy during the second quarter worth $3,430,000. Dimensional Fund Advisors LP grew its stake in Vitesse Energy by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after acquiring an additional 144,166 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Vitesse Energy by 112.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock valued at $5,450,000 after acquiring an additional 119,861 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Vitesse Energy by 146.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock worth $4,317,000 after purchasing an additional 106,927 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Insider Activity at Vitesse Energy

In related news, CEO Robert W. Gerrity purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the transaction, the chief executive officer now owns 495,311 shares in the company, valued at approximately $12,249,041.03. The trade was a 2.06 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 15.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Alliance Global Partners lowered Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Wednesday, November 6th.

Vitesse Energy Stock Performance

NYSE:VTS opened at $27.27 on Tuesday. The company has a market cap of $805.56 million, a price-to-earnings ratio of 18.68 and a beta of 0.34. Vitesse Energy, Inc. has a 1 year low of $19.63 and a 1 year high of $28.41. The stock’s 50 day simple moving average is $26.34 and its two-hundred day simple moving average is $25.19. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.70%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s dividend payout ratio is presently 143.84%.

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.