Proficio Capital Partners LLC Acquires Shares of 12,725 Vitesse Energy, Inc. (NYSE:VTS)

Proficio Capital Partners LLC bought a new position in shares of Vitesse Energy, Inc. (NYSE:VTS) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 12,725 shares of the company’s stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quest Partners LLC purchased a new stake in Vitesse Energy during the third quarter worth about $34,000. R Squared Ltd purchased a new position in shares of Vitesse Energy in the fourth quarter worth about $79,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vitesse Energy in the third quarter valued at approximately $78,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Vitesse Energy by 143.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after buying an additional 3,679 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Vitesse Energy by 5.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock worth $220,000 after buying an additional 418 shares during the period. 51.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, VP Michael Sabol sold 6,714 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value of $179,263.80. Following the transaction, the vice president now 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 transaction was disclosed in a legal filing 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 dated 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 directly owns 81,615 shares of the company’s stock, valued at approximately $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.

Analyst Upgrades and Downgrades

VTS has been the topic of a number of recent research reports. Evercore ISI reissued an “in-line” rating and set a $28.00 price objective on shares of Vitesse Energy in a report on Wednesday, March 19th. Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th. Northland Capmk raised shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Northland Securities boosted their price target 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.

Vitesse Energy Trading Down 0.2 %

Shares of VTS opened at $24.47 on Wednesday. Vitesse Energy, Inc. has a 1-year low of $21.83 and a 1-year high of $28.41. The company has a market capitalization of $944.00 million, a P/E ratio of 16.76 and a beta of 0.53. 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’s 50 day simple moving average is $25.63 and its 200 day simple moving average is $25.74.

Vitesse Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.25 annualized dividend and a yield of 9.19%. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s payout ratio is 351.56%.

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.