Vitesse Energy (NYSE:VTS) Reaches New 1-Year High – Here’s Why

Vitesse Energy, Inc. (NYSE:VTS) shares reached a new 52-week high on Friday . The company traded as high as $28.65 and last traded at $28.65, with a volume of 447 shares changing hands. The stock had previously closed at $27.93.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lowered shares of Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Wednesday, November 6th.

Vitesse Energy Stock Up 2.6 %

The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $25.87 and a 200-day simple moving average of $25.02. The company has a market cap of $846.32 million, a PE ratio of 19.13 and a beta of 0.22.

Vitesse Energy Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.33%. Vitesse Energy’s dividend payout ratio (DPR) is 143.84%.

Insider Activity at Vitesse Energy

In related news, CEO Robert W. Gerrity purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $24.73 per share, with a total value of $247,300.00. Following the purchase, the chief executive officer now owns 495,311 shares of the company’s stock, valued at $12,249,041.03. This represents a 2.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vitesse Energy

Several large investors have recently bought and sold shares of VTS. The Manufacturers Life Insurance Company boosted its stake in shares of Vitesse Energy by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company’s stock worth $230,000 after acquiring an additional 492 shares during the last quarter. Inlet Private Wealth LLC lifted its holdings in Vitesse Energy by 0.9% in the 2nd quarter. Inlet Private Wealth LLC now owns 56,251 shares of the company’s stock valued at $1,333,000 after purchasing an additional 500 shares in the last quarter. nVerses Capital LLC boosted its stake in Vitesse Energy by 54.5% during the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock worth $41,000 after purchasing an additional 600 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Vitesse Energy by 6.0% in the second quarter. Principal Financial Group Inc. now owns 11,113 shares of the company’s stock worth $263,000 after buying an additional 627 shares in the last quarter. Finally, Optimum Investment Advisors boosted its position in Vitesse Energy by 3.1% during the third quarter. Optimum Investment Advisors now owns 23,450 shares of the company’s stock worth $563,000 after acquiring an additional 700 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other 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.