Vitesse Energy’s (VTS) In-Line Rating Reiterated at Evercore ISI

Evercore ISI reaffirmed their in-line rating on shares of Vitesse Energy (NYSE:VTS) in a research report released on Wednesday morning, Marketbeat reports. Evercore ISI currently has a $28.00 target price on the stock.

Other equities analysts have also issued research reports about the company. Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th. Northland Securities raised their target price on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Finally, Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th.

Vitesse Energy Stock Up 1.6 %

Vitesse Energy stock opened at $24.18 on Wednesday. The stock has a market capitalization of $932.70 million, a price-to-earnings ratio of 16.56 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 business has a fifty day moving average price of $25.83 and a 200-day moving average price of $25.76. Vitesse Energy has a 1-year low of $21.83 and a 1-year high of $28.41.

Vitesse Energy Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 9.31%. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s dividend payout ratio (DPR) is presently 351.56%.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the transaction, the chief accounting officer now owns 81,615 shares in the company, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michael Sabol sold 6,714 shares of Vitesse Energy 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 of the company’s stock, valued at $1,693,073.70. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Vitesse Energy

A number of institutional investors have recently modified their holdings of VTS. one8zero8 LLC acquired a new position in Vitesse Energy in the 4th quarter worth about $3,330,000. Dimensional Fund Advisors LP raised its holdings in Vitesse Energy by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company’s stock worth $29,031,000 after purchasing an additional 125,988 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Vitesse Energy by 112.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock worth $5,450,000 after purchasing an additional 119,861 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Vitesse Energy by 61.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after purchasing an additional 110,830 shares during the period. Finally, Marshall Wace LLP raised its holdings in Vitesse Energy by 877.8% in the 4th quarter. Marshall Wace LLP now owns 121,468 shares of the company’s stock worth $3,037,000 after purchasing an additional 109,046 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

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.