Vitesse Energy, Inc. (NYSE:VTS) VP Sells $179,263.80 in Stock

Vitesse Energy, Inc. (NYSE:VTS) VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value of $179,263.80. Following the completion of the sale, the vice president now owns 63,411 shares in the company, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Vitesse Energy Trading Up 1.1 %

NYSE:VTS opened at $27.11 on Thursday. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $28.41. The firm’s fifty day moving average is $26.59 and its 200-day moving average is $25.47. The firm has a market cap of $800.83 million, a P/E ratio of 18.57 and a beta of 0.51. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a yield of 7.75%. Vitesse Energy’s payout ratio is currently 143.84%.

Institutional Trading of Vitesse Energy

Several hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake 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 buying an additional 1,312 shares in the last quarter. Quest Partners LLC purchased a new position in Vitesse Energy during the 3rd quarter worth $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 worth $41,000 after acquiring an additional 600 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Vitesse Energy in the 3rd quarter worth $78,000. Finally, Quent Capital LLC raised its holdings in shares of Vitesse Energy by 25.7% in the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock valued at $134,000 after purchasing an additional 1,141 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $29.00 in a report on Tuesday, December 17th.

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.