Quest Partners LLC Purchases New Shares in Vitesse Energy, Inc. (NYSE:VTS)

Quest Partners LLC acquired a new position in shares of Vitesse Energy, Inc. (NYSE:VTS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,431 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VTS. Victory Capital Management Inc. purchased a new stake in shares of Vitesse Energy in the third quarter worth approximately $254,000. Oxbow Advisors LLC lifted its holdings in Vitesse Energy by 5.5% during the 3rd quarter. Oxbow Advisors LLC now owns 26,949 shares of the company’s stock valued at $647,000 after buying an additional 1,412 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Vitesse Energy in the 3rd quarter worth about $1,326,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Vitesse Energy by 146.9% in the third quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock valued at $4,317,000 after purchasing an additional 106,927 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Vitesse Energy by 4.8% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,058 shares of the company’s stock worth $482,000 after purchasing an additional 921 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Trading Up 0.5 %

Shares of NYSE VTS opened at $28.08 on Monday. The stock has a market capitalization of $829.48 million, a P/E ratio of 19.23 and a beta of 0.22. 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 business has a fifty day moving average price of $25.94 and a 200 day moving average price of $25.07. Vitesse Energy, Inc. has a 1-year low of $19.63 and a 1-year high of $28.41.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.525 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.48%. Vitesse Energy’s payout ratio is 143.84%.

Insider Buying and Selling at Vitesse Energy

In other news, CEO Robert W. Gerrity bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the transaction, the chief executive officer now directly owns 495,311 shares in the company, valued at approximately $12,249,041.03. This represents a 2.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners downgraded Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Wednesday, November 6th.

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.