Factorial Partners LLC Trims Stake in Vitesse Energy, Inc. (NYSE:VTS)

Factorial Partners LLC reduced its stake in Vitesse Energy, Inc. (NYSE:VTS) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,000 shares of the company’s stock after selling 2,000 shares during the quarter. Factorial Partners LLC’s holdings in Vitesse Energy were worth $1,850,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VTS. State Board of Administration of Florida Retirement System bought a new position in shares of Vitesse Energy in the first quarter worth about $736,000. Gabelli Funds LLC raised its stake in Vitesse Energy by 3.0% during the 1st quarter. Gabelli Funds LLC now owns 71,635 shares of the company’s stock worth $1,700,000 after acquiring an additional 2,100 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Vitesse Energy by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,015 shares of the company’s stock valued at $547,000 after purchasing an additional 993 shares in the last quarter. Ancora Advisors LLC boosted its position in shares of Vitesse Energy by 0.3% in the first quarter. Ancora Advisors LLC now owns 177,952 shares of the company’s stock worth $4,223,000 after purchasing an additional 578 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Vitesse Energy by 621.1% in the second quarter. Harbor Capital Advisors Inc. now owns 72,797 shares of the company’s stock worth $1,725,000 after purchasing an additional 62,702 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners downgraded shares of Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Wednesday, November 6th.

Vitesse Energy Stock Performance

NYSE:VTS opened at $27.54 on Wednesday. The stock has a 50-day moving average price of $25.37 and a 200 day moving average price of $24.84. The stock has a market capitalization of $813.64 million, a P/E ratio of 18.86 and a beta of 0.22. Vitesse Energy, Inc. has a 12-month low of $19.63 and a 12-month high of $27.85. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.63%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s payout ratio is currently 143.84%.

Insider Transactions at Vitesse Energy

In other news, CEO Robert W. Gerrity acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the transaction, the chief executive officer now directly owns 495,311 shares in the company, valued at approximately $12,249,041.03. This trade represents a 2.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.80% of the company’s stock.

Vitesse Energy 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.