Vitesse Energy, Inc. (NYSE:VTS) VP Sells $179,263.80 in Stock

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

Vitesse Energy Trading Up 1.1 %

Shares of NYSE:VTS traded up $0.29 during mid-day trading on Wednesday, reaching $27.11. 202,027 shares of the company were exchanged, compared to its average volume of 199,914. Vitesse Energy, Inc. has a 1 year low of $19.63 and a 1 year high of $28.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day simple moving average is $26.59 and its 200 day simple moving average is $25.47. The firm has a market cap of $800.94 million, a price-to-earnings ratio of 18.57 and a beta of 0.51.

Vitesse Energy Announces Dividend

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

Institutional Investors Weigh In On Vitesse Energy

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in Vitesse Energy by 2,301.8% during the 3rd 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 in the last quarter. Quest Partners LLC purchased a new position in Vitesse Energy in the 3rd quarter valued at approximately $34,000. nVerses Capital LLC grew its stake in shares of Vitesse Energy by 54.5% in the third quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock worth $41,000 after acquiring an additional 600 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vitesse Energy in the third quarter valued at $78,000. Finally, Quent Capital LLC boosted its holdings in Vitesse Energy by 25.7% in 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. 51.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.