2 weeks Ago By Defense World Staff
Proficio Capital Partners LLC bought a new position in shares of Vitesse Energy, Inc. ( NYSE:VTS – Free Report ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,725 shares of the company’s stock, valued at approximately $318,000.
Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of Vitesse Energy in the third quarter valued at $34,000. R Squared Ltd bought a new position in Vitesse Energy during the fourth quarter worth about $79,000.
Wilmington Savings Fund Society FSB acquired a new stake in Vitesse Energy in the 3rd quarter worth about $78,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Vitesse Energy by 143.7% in the 3rd quarter.
Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after purchasing an additional 3,679 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Vitesse Energy by 5.
0% during the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock worth $220,000 after purchasing an additional 418 shares in the last quarter.
Institutional investors own 51.63% of the company’s stock. Analyst Upgrades and Downgrades Several brokerages have weighed in on VTS.
Alliance Global Partners raised 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 report on Tuesday, December 17th.
Evercore ISI reissued an “in-line” rating and set a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th. Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th.
Finally, Northland Securities boosted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th.
Vitesse Energy Stock Down 0.2 % Vitesse Energy stock opened at $24.47 on Wednesday.
Vitesse Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $28.
41. The firm has a 50 day moving average price of $25.63 and a two-hundred day moving average price of $25.
74. The firm has a market cap of $944.00 million, a price-to-earnings ratio of 16.
76 and a beta of 0.53. 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 Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a $0.5625 dividend.
The ex-dividend date is Friday, March 21st. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53.
This represents a $2.25 annualized dividend and a yield of 9.19%.
Vitesse Energy’s payout ratio is 351.56%. Insiders Place Their Bets In other news, CAO Mike Morella sold 8,143 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th.
The stock was sold at an average price of $26.69, for a total transaction 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. The trade was a 9.
07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, VP Michael Sabol sold 6,714 shares of the business’s stock in a transaction dated Tuesday, January 14th.
The stock was sold at an average price of $26.70, for a total transaction of $179,263.80.
Following the sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. The trade was a 9.
57 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Company insiders own 15.
80% of the company’s stock. Vitesse Energy Profile ( Free Report ) 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.
Further Reading Five stocks we like better than Vitesse Energy How to Know if a Stock Pays Dividends and When They Are Paid Out Innovation Incubators: Survey of Entrepreneurs Reveals The Cities Most Supportive of Startups High Flyers: 3 Natural Gas Stocks for March 2022 NVIDIA Insiders Sell: This Is What It Means for the Market Why Invest in 5G? How to Invest in 5G Stocks Space Stocks Bottoming: Which Are Positioned Best for a Bounce? Want to see what other hedge funds are holding VTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vitesse Energy, Inc. ( NYSE:VTS – Free Report ).
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