EntryPoint Capital LLC Invests $264,000 in Vitesse Energy, Inc. (NYSE:VTS)

EntryPoint Capital LLC bought a new stake in Vitesse Energy, Inc. (NYSE:VTS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,578 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds have also recently modified their holdings of VTS. one8zero8 LLC acquired a new position in Vitesse Energy in the fourth quarter valued at $3,330,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 119,861 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Vitesse Energy by 61.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock valued at $7,264,000 after purchasing an additional 110,830 shares during the period. American Century Companies Inc. grew its stake in Vitesse Energy by 18.6% during the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company’s stock worth $15,352,000 after buying an additional 96,463 shares during the last quarter. Finally, GoodHaven Capital Management LLC grew its stake in Vitesse Energy by 8.0% during the 4th quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company’s stock worth $13,272,000 after buying an additional 39,340 shares during the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Price Performance

Vitesse Energy stock opened at $24.74 on Friday. 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 business has a 50 day simple moving average of $25.48 and a 200-day simple moving average of $25.73. Vitesse Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $28.41. The stock has a market capitalization of $954.34 million, a PE ratio of 16.94 and a beta of 0.53.

Vitesse Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be given a dividend of $0.5625 per share. The ex-dividend date is Friday, March 21st. This represents a $2.25 dividend on an annualized basis and a yield of 9.10%. This is an increase from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s dividend payout ratio is presently 351.56%.

Insider Transactions at Vitesse Energy

In related news, CAO Mike Morella sold 8,143 shares of the firm’s 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 $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 $1,693,073.70. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.15% of the company’s stock.

Analyst Upgrades and Downgrades

VTS has been the subject of a number of research reports. Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Northland Securities upped their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Evercore ISI reissued an “in-line” rating and set a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Finally, Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $29.00 in a research note 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.