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

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

A number of other equities research analysts have also recently weighed in on VTS. Alliance Global Partners upgraded 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 report on Tuesday, December 17th. Northland Securities raised their price target on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Finally, Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th.

Vitesse Energy Trading Down 4.3 %

Shares of VTS opened at $22.92 on Wednesday. Vitesse Energy has a twelve month low of $21.83 and a twelve month high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $884.25 million, a P/E ratio of 15.70 and a beta of 0.53. The firm’s 50-day moving average is $25.72 and its two-hundred day moving average is $25.73.

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 of this dividend 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%.

Insiders Place Their Bets

In related news, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the transaction, the vice president now owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mike Morella sold 8,143 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, 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 disclosure for this sale can be found here. 15.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Inlet Private Wealth LLC boosted its stake in Vitesse Energy by 0.7% in the 4th quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company’s stock worth $1,491,000 after buying an additional 400 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Vitesse Energy by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock worth $220,000 after acquiring an additional 418 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vitesse Energy by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company’s stock valued at $356,000 after purchasing an additional 497 shares during the period. Rhumbline Advisers grew its holdings in Vitesse Energy by 1.6% in the fourth quarter. Rhumbline Advisers now owns 41,929 shares of the company’s stock valued at $1,048,000 after purchasing an additional 660 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Vitesse Energy by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock worth $5,807,000 after purchasing an additional 853 shares during the last quarter. 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.