Vitesse Energy (NYSE:VTS) Price Target Raised to $33.00 at Roth Mkm

Vitesse Energy (NYSE:VTS) had its target price upped by Roth Mkm from $30.50 to $33.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th. Northland Securities increased their target price on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Evercore ISI restated an “in-line” rating and issued a $28.00 price target on shares of Vitesse Energy in a research report on Wednesday, March 19th. Finally, Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $30.25.

Vitesse Energy Price Performance

VTS opened at $25.12 on Wednesday. The company has a 50-day moving average of $25.35 and a 200-day moving average of $25.75. Vitesse Energy has a 1-year low of $21.83 and a 1-year high of $28.41. The company has a market capitalization of $969.08 million, a P/E ratio of 17.21 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Vitesse Energy Increases Dividend

The company also recently declared 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. The ex-dividend date was Friday, March 21st. This represents a $2.25 annualized dividend and a dividend yield of 8.96%. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s dividend payout ratio is currently 351.56%.

Insider Activity at Vitesse Energy

In other news, VP Michael Sabol sold 6,714 shares of Vitesse Energy 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 sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Mike Morella sold 8,143 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly 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. 18.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vitesse Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Inlet Private Wealth LLC increased its stake in Vitesse Energy by 0.7% during the 4th quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company’s stock valued at $1,491,000 after buying an additional 400 shares during the period. Principal Financial Group Inc. increased its stake in shares of 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Vitesse Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company’s stock worth $356,000 after purchasing an additional 497 shares in the last quarter. Rhumbline Advisers lifted its position in Vitesse Energy by 1.6% in the fourth quarter. Rhumbline Advisers now owns 41,929 shares of the company’s stock worth $1,048,000 after purchasing an additional 660 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Vitesse Energy by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock valued at $5,807,000 after purchasing an additional 853 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors.

About Vitesse Energy

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.