Michael Sabol Sells 6,714 Shares of Vitesse Energy, Inc. (NYSE:VTS) Stock

Vitesse Energy, Inc. (NYSE:VTS) VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total value of $179,263.80. Following 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 sale was disclosed in a filing with the SEC, which is accessible through this link.

Vitesse Energy Trading Up 0.4 %

Vitesse Energy stock opened at $27.35 on Friday. The stock has a 50-day moving average price of $26.59 and a 200 day moving average price of $25.50. The company has a market capitalization of $807.92 million, a price-to-earnings ratio of 18.73 and a beta of 0.51. Vitesse Energy, Inc. has a 52 week low of $19.63 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.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.10 annualized dividend and a dividend yield of 7.68%. Vitesse Energy’s dividend payout ratio (DPR) is presently 143.84%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VTS shares. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th. Northland Securities upped their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday.

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its stake in shares of Vitesse Energy by 2,301.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after buying an additional 1,312 shares during the last quarter. Quest Partners LLC acquired a new stake in Vitesse Energy during the third quarter worth about $34,000. nVerses Capital LLC raised its position in Vitesse Energy by 54.5% during the third quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after acquiring an additional 600 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Vitesse Energy in the third quarter valued at approximately $78,000. Finally, Quent Capital LLC boosted its position in Vitesse Energy by 25.7% in the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after purchasing an additional 1,141 shares in the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Company 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.