Fort Sheridan Advisors LLC Increases Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Fort Sheridan Advisors LLC raised its stake in Vitesse Energy, Inc. (NYSE:VTS) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,708 shares of the company’s stock after buying an additional 1,389 shares during the quarter. Fort Sheridan Advisors LLC owned approximately 0.08% of Vitesse Energy worth $568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VTS. International Assets Investment Management LLC grew its holdings in shares of Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after purchasing an additional 1,312 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Vitesse Energy by 146.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock valued at $4,317,000 after purchasing an additional 106,927 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Vitesse Energy in the 3rd quarter valued at approximately $1,326,000. Oxbow Advisors LLC increased its holdings in shares of Vitesse Energy by 5.5% during the 3rd quarter. Oxbow Advisors LLC now owns 26,949 shares of the company’s stock worth $647,000 after buying an additional 1,412 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Vitesse Energy during the 3rd quarter valued at approximately $254,000. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Stock Up 0.2 %

NYSE:VTS opened at $25.67 on Friday. Vitesse Energy, Inc. has a 52 week low of $21.83 and a 52 week high of $28.41. The stock’s fifty day moving average is $26.10 and its two-hundred day moving average is $25.84. The stock has a market capitalization of $758.39 million, a price-to-earnings ratio of 17.58 and a beta of 0.51. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20.

Insider Activity at Vitesse Energy

In other news, VP Michael Sabol sold 6,714 shares of the firm’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 value of $179,263.80. Following the completion of the transaction, the vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the transaction, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at $2,178,304.35. This trade represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

Analysts Set New Price Targets

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

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.