Vitesse Energy, Inc. (NYSE:VTS) CAO Mike Morella Sells 8,143 Shares

Vitesse Energy, Inc. (NYSE:VTS) CAO Mike Morella sold 8,143 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 81,615 shares of the company’s stock, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Vitesse Energy Price Performance

Shares of NYSE:VTS opened at $27.11 on Thursday. The firm has a market capitalization of $800.83 million, a price-to-earnings ratio of 18.57 and a beta of 0.51. 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 business’s 50 day simple moving average is $26.59 and its 200-day simple moving average is $25.47. Vitesse Energy, Inc. has a 12 month low of $19.63 and a 12 month high of $28.41.

Vitesse Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.525 per share. The ex-dividend date was Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a yield of 7.75%. Vitesse Energy’s payout ratio is 143.84%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in Vitesse Energy by 267.2% in the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock valued at $6,769,000 after acquiring an additional 207,831 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vitesse Energy by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after purchasing an additional 144,166 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Vitesse Energy by 112.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock valued at $5,450,000 after purchasing an additional 119,861 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after purchasing an additional 110,830 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Vitesse Energy during the 3rd quarter worth approximately $1,326,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company 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.