Vitesse Energy, Inc. (NYSE:VTS) CAO Sells $217,336.67 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CAO Mike Morella sold 8,143 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at $2,178,304.35. The trade was a 9.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vitesse Energy Stock Up 1.1 %

NYSE VTS traded up $0.29 during trading hours on Wednesday, hitting $27.11. 202,027 shares of the company traded hands, compared to its average volume of 199,914. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The business’s 50-day moving average is $26.59 and its 200-day moving average is $25.47. The stock has a market capitalization of $800.94 million, a price-to-earnings ratio of 18.57 and a beta of 0.51. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $28.41.

Vitesse Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently made changes to their positions in VTS. International Assets Investment Management LLC lifted its stake 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 valued at $33,000 after acquiring an additional 1,312 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Vitesse Energy in the 3rd quarter valued at about $34,000. nVerses Capital LLC lifted its stake in Vitesse Energy by 54.5% in the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after purchasing an additional 600 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Vitesse Energy during the third quarter worth about $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 worth $134,000 after purchasing an additional 1,141 shares during the period. 51.63% of the stock is owned by institutional investors.

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.