Ausdal Financial Partners Inc. Boosts Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Ausdal Financial Partners Inc. lifted its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,757 shares of the company’s stock after acquiring an additional 1,249 shares during the period. Ausdal Financial Partners Inc.’s holdings in Vitesse Energy were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in VTS. EntryPoint Capital LLC purchased a new position in Vitesse Energy in the 4th quarter worth about $264,000. LPL Financial LLC raised its holdings in shares of Vitesse Energy by 31.3% during the fourth quarter. LPL Financial LLC now owns 17,344 shares of the company’s stock valued at $434,000 after purchasing an additional 4,132 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Vitesse Energy during the fourth quarter valued at approximately $104,000. American Century Companies Inc. lifted its position in Vitesse Energy by 18.6% during the fourth quarter. American Century Companies Inc. now owns 614,078 shares of the company’s stock valued at $15,352,000 after purchasing an additional 96,463 shares during the period. Finally, GoodHaven Capital Management LLC boosted its holdings in Vitesse Energy by 8.0% in the fourth quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company’s stock worth $13,272,000 after purchasing an additional 39,340 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Trading Up 0.1 %

Shares of VTS stock opened at $24.74 on Friday. The stock has a fifty day simple moving average of $25.48 and a two-hundred day simple moving average of $25.73. Vitesse Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $28.41. The firm has a market capitalization of $954.34 million, a PE ratio of 16.94 and a beta of 0.53. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 9.10%. The ex-dividend date is Friday, March 21st. This is an increase from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s dividend payout ratio (DPR) is 351.56%.

Insider Buying and Selling

In other news, VP Michael Sabol sold 6,714 shares of Vitesse Energy stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total value of $179,263.80. Following the sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. The trade was a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mike Morella sold 8,143 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total value of $217,336.67. Following the completion of the sale, the chief accounting officer now owns 81,615 shares in the company, valued at $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on VTS shares. Evercore ISI reiterated an “in-line” rating and set a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Northland Securities raised their price objective 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 upgraded Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Alliance Global Partners upgraded shares of 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.

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.