Charles Schwab Investment Management Inc. Sells 8,991 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Charles Schwab Investment Management Inc. cut its position in Vitesse Energy, Inc. (NYSE:VTS) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,918 shares of the company’s stock after selling 8,991 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vitesse Energy were worth $5,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in shares of Vitesse Energy by 61.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock valued at $7,264,000 after purchasing an additional 110,830 shares during the period. Barclays PLC grew its holdings in shares of Vitesse Energy by 325.7% during the third quarter. Barclays PLC now owns 39,528 shares of the company’s stock worth $950,000 after buying an additional 30,243 shares in the last quarter. Ashford Capital Management Inc. acquired a new stake in Vitesse Energy in the 3rd quarter valued at approximately $572,000. Y Intercept Hong Kong Ltd bought a new stake in Vitesse Energy in the 4th quarter valued at approximately $443,000. Finally, Paradigm Capital Management LLC NV bought a new stake in Vitesse Energy in the 3rd quarter valued at approximately $373,000. 51.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, 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 transaction of $217,336.67. Following the transaction, the chief accounting officer now directly owns 81,615 shares in the company, valued at approximately $2,178,304.35. This represents a 9.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Sabol sold 6,714 shares of Vitesse Energy stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction 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 trade represents a 9.57 % 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 subject of several recent research reports. Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th. Evercore ISI restated an “in-line” rating and set a $28.00 price objective on shares of Vitesse Energy in a research note on Wednesday, March 19th. Northland Securities raised their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th.

Vitesse Energy Stock Down 0.2 %

Shares of NYSE VTS opened at $24.47 on Wednesday. The stock has a market capitalization of $944.00 million, a P/E ratio of 16.76 and a beta of 0.53. The stock’s fifty day moving average is $25.63 and its 200 day moving average is $25.74. Vitesse Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $28.41. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be paid a $0.5625 dividend. This is an increase from Vitesse Energy’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, March 21st. This represents a $2.25 annualized dividend and a yield of 9.19%. Vitesse Energy’s dividend payout ratio is presently 351.56%.

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.