Merrion Investment Management Co LLC Sells 2,735 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Merrion Investment Management Co LLC cut its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 97,843 shares of the company’s stock after selling 2,735 shares during the period. Vitesse Energy comprises 1.7% of Merrion Investment Management Co LLC’s portfolio, making the stock its 14th biggest holding. Merrion Investment Management Co LLC’s holdings in Vitesse Energy were worth $2,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Vitesse Energy by 2,301.8% during the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after purchasing an additional 1,312 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Vitesse Energy during the third quarter worth about $34,000. nVerses Capital LLC grew its holdings in shares of Vitesse Energy by 54.5% during the third quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock worth $41,000 after purchasing an additional 600 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Vitesse Energy during the third quarter worth about $78,000. Finally, R Squared Ltd purchased a new position in shares of Vitesse Energy during the fourth quarter worth about $79,000. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Up 1.3 %

Shares of VTS opened at $26.38 on Thursday. The firm has a market cap of $779.27 million, a P/E ratio of 18.07 and a beta of 0.51. The stock has a 50 day simple moving average of $26.50 and a two-hundred day simple moving average of $25.63. 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, Inc. has a 1 year low of $19.63 and a 1 year high of $28.41.

Wall Street Analyst Weigh In

VTS has been the subject of several recent analyst reports. Northland Securities boosted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th. Finally, Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th.

Insider Activity

In other news, CAO Mike Morella sold 8,143 shares of the 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 completion of the sale, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at approximately $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. This trade represents 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.

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.