AlphaQuest LLC Buys 5,944 Shares of Vitesse Energy, Inc. (NYSE:VTS)

AlphaQuest LLC increased its stake in Vitesse Energy, Inc. (NYSE:VTS) by 415.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,375 shares of the company’s stock after buying an additional 5,944 shares during the quarter. AlphaQuest LLC’s holdings in Vitesse Energy were worth $184,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VTS. Charles Schwab Investment Management Inc. lifted its position in Vitesse Energy by 112.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock worth $5,450,000 after buying an additional 119,861 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in 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 purchasing an additional 110,830 shares during the period. Barclays PLC increased its stake in Vitesse Energy by 325.7% in the third 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 period. Ashford Capital Management Inc. purchased a new stake in Vitesse Energy in the third quarter worth $572,000. Finally, Raymond James Financial Inc. purchased a new stake in Vitesse Energy in the fourth quarter worth $569,000. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Price Performance

VTS opened at $23.44 on Monday. The business’s 50-day moving average is $25.97 and its two-hundred day moving average is $25.80. Vitesse Energy, Inc. has a 1 year low of $21.83 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 has a market capitalization of $904.27 million, a PE ratio of 16.05 and a beta of 0.53.

Vitesse Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 9.60%. The ex-dividend date is Friday, March 21st. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s payout ratio is 351.56%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VTS shares. Northland Securities increased their target price on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th. Finally, Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total value of $217,336.67. Following the transaction, the chief accounting officer now owns 81,615 shares in the company, valued at $2,178,304.35. The trade was 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 at the SEC website. Also, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was 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 directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by 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.