Northland Securities Issues Positive Forecast for Vitesse Energy (NYSE:VTS) Stock Price

Vitesse Energy (NYSE:VTS) had its price objective boosted by Northland Securities from $28.00 to $31.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

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

Vitesse Energy Stock Up 0.4 %

VTS opened at $27.23 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. Vitesse Energy has a 12 month low of $19.63 and a 12 month high of $28.41. The stock’s 50 day moving average price is $26.59 and its 200 day moving average price is $25.48. The stock has a market cap of $804.37 million, a P/E ratio of 18.65 and a beta of 0.51.

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

Insiders Place Their Bets

In other Vitesse Energy news, VP Michael Sabol sold 6,714 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 63,411 shares in the company, valued at $1,693,073.70. This represents a 9.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $217,336.67. Following the sale, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at approximately $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its position in shares of Vitesse Energy by 61.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after buying an additional 110,830 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in Vitesse Energy by 9.6% in the 4th quarter. CWA Asset Management Group LLC now owns 60,498 shares of the company’s stock worth $1,512,000 after acquiring an additional 5,286 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vitesse Energy by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock valued at $5,807,000 after acquiring an additional 853 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vitesse Energy in the third quarter valued at about $78,000. Finally, Barclays PLC lifted its position in shares of Vitesse Energy by 325.7% during the 3rd quarter. Barclays PLC now owns 39,528 shares of the company’s stock worth $950,000 after purchasing an additional 30,243 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

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.