Vitesse Energy, Inc. (NYSE:VTS) is GoodHaven Capital Management LLC’s 10th Largest Position

GoodHaven Capital Management LLC raised its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 530,865 shares of the company’s stock after purchasing an additional 39,340 shares during the period. Vitesse Energy accounts for about 4.3% of GoodHaven Capital Management LLC’s holdings, making the stock its 10th biggest position. GoodHaven Capital Management LLC owned 1.80% of Vitesse Energy worth $13,272,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Inlet Private Wealth LLC grew its stake in Vitesse Energy by 0.7% during the fourth quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company’s stock valued at $1,491,000 after acquiring an additional 400 shares in the last quarter. Principal Financial Group Inc. grew its stake in Vitesse Energy by 5.0% during the fourth quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock valued at $220,000 after acquiring an additional 418 shares in the last quarter. Rhumbline Advisers grew its stake in Vitesse Energy by 1.6% during the fourth quarter. Rhumbline Advisers now owns 41,929 shares of the company’s stock valued at $1,048,000 after acquiring an additional 660 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 in 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 valued at $568,000 after acquiring an additional 1,389 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on VTS. 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 note on Tuesday, December 17th. Northland Securities boosted their price target 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. Northland Capmk raised shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Evercore ISI reissued an “in-line” rating and issued a $28.00 price target on shares of Vitesse Energy in a research note on Wednesday.

Vitesse Energy Trading Up 1.6 %

NYSE:VTS opened at $24.18 on Thursday. The company has a fifty day moving average of $25.83 and a 200 day moving average of $25.76. Vitesse Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $28.41. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $932.70 million, a P/E ratio of 16.56 and a beta of 0.53.

Vitesse Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a $0.5625 dividend. The ex-dividend date is Friday, March 21st. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a yield of 9.31%. Vitesse Energy’s dividend payout ratio is 351.56%.

Insiders Place Their Bets

In other Vitesse Energy news, 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 represents a 9.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mike Morella sold 8,143 shares of the company’s 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 completion of the transaction, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

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.