Proficio Capital Partners LLC Invests $318,000 in Vitesse Energy, Inc. (NYSE:VTS)

Proficio Capital Partners LLC acquired a new stake in Vitesse Energy, Inc. (NYSE:VTS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,725 shares of the company’s stock, valued at approximately $318,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in Vitesse Energy in the third quarter valued at $254,000. Quest Partners LLC acquired a new stake in Vitesse Energy in the 3rd quarter valued at about $34,000. Charles Schwab Investment Management Inc. grew its stake in Vitesse Energy by 112.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock valued at $5,450,000 after acquiring an additional 119,861 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Vitesse Energy by 143.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after acquiring an additional 3,679 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Vitesse Energy during the third quarter worth about $288,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Performance

NYSE:VTS opened at $24.35 on Wednesday. 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 firm has a market cap of $740.12 million, a PE ratio of 16.68 and a beta of 0.53. The firm has a 50 day simple moving average of $26.05 and a 200-day simple moving average of $25.83. Vitesse Energy, Inc. has a 1-year low of $21.83 and a 1-year high of $28.41.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th. Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th. Finally, Northland Securities boosted their price target on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was 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 in the company, valued at approximately $1,693,073.70. This trade 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 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.