Vitesse Energy, Inc. (NYSE:VTS) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 65.5% in the fourth quarter, Holdings Channel reports. The fund owned 17,481 shares of the company’s stock after purchasing an additional 6,916 shares during the period. Victory Capital Management Inc.’s holdings in Vitesse Energy were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in VTS. Quest Partners LLC purchased a new position in shares of Vitesse Energy during the 3rd quarter worth approximately $34,000. R Squared Ltd purchased a new position in shares of Vitesse Energy during the 4th quarter worth approximately $79,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Vitesse Energy during the 3rd quarter worth approximately $78,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $150,000 after buying an additional 3,679 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Vitesse Energy by 5.0% during 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 in the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vitesse Energy

In other news, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now owns 63,411 shares in the company, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mike Morella sold 8,143 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total value of $217,336.67. Following the sale, the chief accounting officer now owns 81,615 shares in the company, valued at $2,178,304.35. This trade represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by insiders.

Vitesse Energy Stock Performance

NYSE VTS opened at $22.92 on Friday. 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 $884.25 million, a P/E ratio of 15.70 and a beta of 0.53. The business has a 50 day moving average price of $25.72 and a 200 day moving average price of $25.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75.

Vitesse Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date is Friday, March 21st. This is a boost from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s dividend payout ratio is 351.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VTS. Northland Securities increased 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. Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Evercore ISI reaffirmed an “in-line” rating and issued a $28.00 price objective on shares of Vitesse Energy in a research note on Wednesday. Finally, Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th.

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.