Insider Selling: Vitesse Energy, Inc. (NYSE:VTS) CAO Sells 8,143 Shares of Stock

Vitesse Energy, Inc. (NYSE:VTS) CAO Mike Morella sold 8,143 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the transaction, the chief accounting officer now owns 81,615 shares in the company, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Vitesse Energy Price Performance

VTS stock opened at $27.11 on Thursday. The stock has a market capitalization of $800.83 million, a price-to-earnings ratio of 18.57 and a beta of 0.51. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. Vitesse Energy, Inc. has a 52-week low of $19.63 and a 52-week high of $28.41. The stock’s fifty day simple moving average is $26.59 and its 200-day simple moving average is $25.47.

Vitesse Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. boosted its position in shares of Vitesse Energy by 61.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after acquiring an additional 110,830 shares during the last quarter. CWA Asset Management Group LLC raised its stake in Vitesse Energy by 9.6% during the fourth quarter. CWA Asset Management Group LLC now owns 60,498 shares of the company’s stock worth $1,512,000 after purchasing an additional 5,286 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Vitesse Energy by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock valued at $5,807,000 after purchasing an additional 853 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vitesse Energy during the 3rd quarter valued at $78,000. Finally, Barclays PLC increased its holdings in shares of Vitesse Energy by 325.7% during the 3rd quarter. Barclays PLC now owns 39,528 shares of the company’s stock worth $950,000 after buying an additional 30,243 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

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.