133,206 Shares in Vitesse Energy, Inc. (NYSE:VTS) Purchased by one8zero8 LLC

one8zero8 LLC purchased a new position in Vitesse Energy, Inc. (NYSE:VTS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 133,206 shares of the company’s stock, valued at approximately $3,330,000. one8zero8 LLC owned approximately 0.45% of Vitesse Energy as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC raised its position in Vitesse Energy by 415.4% in the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company’s stock worth $184,000 after purchasing an additional 5,944 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Vitesse Energy in the fourth quarter worth about $569,000. Proficio Capital Partners LLC acquired a new position in Vitesse Energy in the fourth quarter worth about $318,000. Victory Capital Management Inc. grew its stake in Vitesse Energy by 65.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,481 shares of the company’s stock worth $437,000 after buying an additional 6,916 shares during the last quarter. Finally, Fort Sheridan Advisors LLC grew its stake in Vitesse Energy by 6.5% during the fourth quarter. Fort Sheridan Advisors LLC now owns 22,708 shares of the company’s stock worth $568,000 after buying an additional 1,389 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Insider Activity

In other news, CAO Mike Morella sold 8,143 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, the chief accounting officer now directly owns 81,615 shares of the company’s stock, valued at $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction 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. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on VTS shares. Northland Capmk raised shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Northland Securities upped 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, Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th.

Vitesse Energy Price Performance

VTS opened at $23.44 on Friday. Vitesse Energy, Inc. has a one year low of $21.83 and a one 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 company’s 50 day simple moving average is $25.97 and its 200-day simple moving average is $25.79. The stock has a market capitalization of $712.46 million, a P/E ratio of 16.05 and a beta of 0.53.

Vitesse Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be paid a dividend of $0.5625 per share. This is a boost from Vitesse Energy’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a dividend yield of 9.60%. The ex-dividend date of this dividend is Friday, March 21st. Vitesse Energy’s dividend payout ratio is 143.84%.

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.