First Wilshire Securities Management Inc. Cuts Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

First Wilshire Securities Management Inc. reduced its position in Vitesse Energy, Inc. (NYSE:VTS) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,014 shares of the company’s stock after selling 481 shares during the period. First Wilshire Securities Management Inc. owned about 0.11% of Vitesse Energy worth $800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTS. Meeder Asset Management Inc. purchased a new stake in shares of Vitesse Energy during the 4th quarter valued at about $29,000. Wilmington Savings Fund Society FSB bought a new stake in Vitesse Energy in the 3rd quarter worth approximately $78,000. R Squared Ltd purchased a new stake in Vitesse Energy during the 4th quarter valued at $79,000. KLP Kapitalforvaltning AS bought a new position in shares of Vitesse Energy during the 4th quarter valued at $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Vitesse Energy by 143.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock worth $150,000 after buying an additional 3,679 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Price Performance

NYSE VTS opened at $24.82 on Wednesday. The business’s fifty day moving average is $25.38 and its 200 day moving average is $25.76. Vitesse Energy, Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $28.41. 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 company has a market capitalization of $957.31 million, a PE ratio of 17.00 and a beta of 0.53.

Vitesse Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 21st were given 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 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend was Friday, March 21st. Vitesse Energy’s payout ratio is presently 351.56%.

Analyst Upgrades and Downgrades

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

Insider Activity at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of Vitesse Energy 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 owns 63,411 shares of the company’s stock, 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. 18.15% of the stock is currently owned by corporate insiders.

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.