57,576 Shares in Vitesse Energy, Inc. $VTS Purchased by Militia Capital Management LLC

Militia Capital Management LLC bought a new stake in Vitesse Energy, Inc. (NYSE:VTS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 57,576 shares of the company’s stock, valued at approximately $1,046,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VTS. First Trust Advisors LP raised its position in Vitesse Energy by 33.9% during the 1st quarter. First Trust Advisors LP now owns 337,885 shares of the company’s stock worth $6,136,000 after buying an additional 85,637 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Vitesse Energy by 32.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 39,749 shares of the company’s stock valued at $722,000 after acquiring an additional 9,838 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Vitesse Energy by 359.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock valued at $54,000 after acquiring an additional 2,307 shares during the last quarter. Lee Danner & Bass Inc. boosted its holdings in shares of Vitesse Energy by 48.4% in the 1st quarter. Lee Danner & Bass Inc. now owns 346,470 shares of the company’s stock valued at $6,292,000 after acquiring an additional 113,000 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of Vitesse Energy by 230.9% in the 1st quarter. North Star Investment Management Corp. now owns 135,054 shares of the company’s stock valued at $2,453,000 after acquiring an additional 94,244 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VTS. Northland Securities raised shares of Vitesse Energy from a “market perform” rating to an “outperform” rating and set a $18.50 target price for the company in a report on Thursday. Zacks Research downgraded shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings lowered shares of Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vitesse Energy presently has a consensus rating of “Hold” and a consensus target price of $19.25.

Vitesse Energy Stock Up 0.4%

Shares of VTS stock opened at $15.96 on Friday. The stock has a 50 day moving average of $16.63 and a 200 day moving average of $18.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. The stock has a market cap of $665.61 million, a P/E ratio of -31.92 and a beta of 0.57. Vitesse Energy, Inc. has a twelve month low of $15.01 and a twelve month high of $27.15.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 11.0%. The ex-dividend date was Monday, June 15th. Vitesse Energy’s dividend payout ratio is currently -350.00%.

Insider Activity at Vitesse Energy

In other news, Director Joseph S. Steinberg acquired 40,882 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $16.16 per share, with a total value of $660,653.12. Following the purchase, the director directly owned 108,500 shares of the company’s stock, valued at $1,753,360. This trade represents a 60.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.94% of the stock is owned by insiders.

Vitesse Energy Company Profile

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.