Vitesse Energy, Inc. (NYSE:VTS) VP Michael Sabol Sells 6,714 Shares

Vitesse Energy, Inc. (NYSE:VTS) VP Michael Sabol sold 6,714 shares of the 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 completion of the sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. This trade represents a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vitesse Energy Stock Performance

Shares of VTS opened at $27.23 on Friday. The stock has a 50 day moving average of $26.59 and a 200 day moving average of $25.48. The company has a market capitalization of $804.37 million, a price-to-earnings ratio of 18.65 and a beta of 0.51. Vitesse Energy, Inc. has a 12 month low of $19.63 and a 12 month high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

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 paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date of this dividend was Monday, December 16th. Vitesse Energy’s payout ratio is 143.84%.

Hedge Funds Weigh In On Vitesse Energy

Several institutional investors have recently added to or reduced their stakes in VTS. International Assets Investment Management LLC raised its position in 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 worth $33,000 after acquiring an additional 1,312 shares during the period. Quest Partners LLC purchased a new stake in shares of Vitesse Energy during the 3rd quarter worth approximately $34,000. nVerses Capital LLC raised its holdings 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 purchasing an additional 600 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Vitesse Energy in the third quarter valued at approximately $78,000. Finally, Quent Capital LLC grew its holdings in Vitesse Energy by 25.7% during 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 period. Institutional investors own 51.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VTS shares. Northland Securities increased their price target on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday. Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $29.00 in a research 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.