Ausdal Financial Partners Inc. Acquires 1,249 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Ausdal Financial Partners Inc. lifted its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,757 shares of the company’s stock after buying an additional 1,249 shares during the period. Ausdal Financial Partners Inc.’s holdings in Vitesse Energy were worth $294,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Vitesse Energy during the third quarter worth approximately $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vitesse Energy in the 3rd quarter worth approximately $78,000. R Squared Ltd purchased a new position in shares of Vitesse Energy in the 4th quarter worth approximately $79,000. KLP Kapitalforvaltning AS bought a new position in shares of Vitesse Energy during the 4th quarter valued at approximately $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vitesse Energy by 143.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after buying an additional 3,679 shares during the period. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vitesse Energy

In related news, 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 directly owns 63,411 shares of the company’s stock, valued at $1,693,073.70. This represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $217,336.67. Following the transaction, the chief accounting officer now directly owns 81,615 shares in the company, valued at $2,178,304.35. This trade represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.15% of the company’s stock.

Wall Street Analysts Forecast Growth

VTS has been the topic of a number of analyst reports. Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Northland Securities raised their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Finally, Evercore ISI restated an “in-line” rating and set a $28.00 target price on shares of Vitesse Energy in a research report on Wednesday, March 19th.

Vitesse Energy Trading Up 0.1 %

NYSE VTS opened at $24.74 on Friday. The stock has a market cap of $954.34 million, a PE ratio of 16.94 and a beta of 0.53. Vitesse Energy, Inc. has a 12 month low of $21.83 and a 12 month high of $28.41. The company’s 50-day moving average price is $25.48 and its 200-day moving average price is $25.73. 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 Increases Dividend

The business also recently announced 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. This is an increase from Vitesse Energy’s previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date of this dividend is Friday, March 21st. Vitesse Energy’s dividend payout ratio is currently 351.56%.

Vitesse Energy 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.