Vitesse Energy (NYSE:VTS) Raised to Strong-Buy at Northland Capmk

Vitesse Energy (NYSE:VTS) was upgraded by equities research analysts at Northland Capmk to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages have also commented on VTS. Northland Securities upped their target price on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy Price Performance

Shares of Vitesse Energy stock opened at $27.23 on Thursday. 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 company has a market cap of $804.37 million, a PE ratio of 18.65 and a beta of 0.51. The firm has a fifty day moving average price of $26.59 and a two-hundred day moving average price of $25.48. Vitesse Energy has a fifty-two week low of $19.63 and a fifty-two week high of $28.41.

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 that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total value of $217,336.67. Following the transaction, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at approximately $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michael Sabol sold 6,714 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value 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. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

Institutional Trading of Vitesse Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Vitesse Energy by 18.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after purchasing an additional 144,166 shares during the last quarter. Geode Capital Management LLC increased its position in Vitesse Energy by 1.7% during the third quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock worth $13,988,000 after buying an additional 9,724 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Vitesse Energy by 61.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock valued at $7,264,000 after buying an additional 110,830 shares during the period. American Century Companies Inc. lifted its position in shares of Vitesse Energy by 267.2% in the second quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock valued at $6,769,000 after buying an additional 207,831 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Vitesse Energy by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock valued at $5,807,000 after buying an additional 853 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

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.