Rhumbline Advisers Grows Stake in Vitesse Energy, Inc. (NYSE:VTS)

Rhumbline Advisers grew its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,929 shares of the company’s stock after purchasing an additional 660 shares during the period. Rhumbline Advisers owned approximately 0.14% of Vitesse Energy worth $1,048,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VTS. Charles Schwab Investment Management Inc. grew its position in shares of Vitesse Energy by 112.0% during the 3rd 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 in the last quarter. Harbor Capital Advisors Inc. grew its position 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 valued at $7,264,000 after purchasing an additional 110,830 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Vitesse Energy during the 3rd quarter valued at $1,326,000. Barclays PLC grew its position in shares of Vitesse Energy by 325.7% during the 3rd quarter. Barclays PLC now owns 39,528 shares of the company’s stock valued at $950,000 after purchasing an additional 30,243 shares in the last quarter. Finally, Ashford Capital Management Inc. purchased a new position in shares of Vitesse Energy during the 3rd quarter valued at $572,000. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Stock Down 1.9 %

Shares of NYSE:VTS opened at $23.90 on Thursday. Vitesse Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $28.41. The firm has a fifty day moving average of $26.12 and a 200 day moving average of $25.84. The firm has a market capitalization of $705.98 million, a PE ratio of 16.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VTS shares. Alliance Global Partners upgraded shares of 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 report on Tuesday, December 17th. Northland Securities upped their target price on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Finally, Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th.

Insiders Place Their Bets

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the business’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 $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael Sabol sold 6,714 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the completion of the sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at $1,693,073.70. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by insiders.

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.