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

Proficio Capital Partners LLC bought a new position in shares of Vitesse Energy, Inc. (NYSE:VTS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,725 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of Vitesse Energy in the third quarter valued at $34,000. R Squared Ltd bought a new position in Vitesse Energy during the fourth quarter worth about $79,000. Wilmington Savings Fund Society FSB acquired a new stake in Vitesse Energy in the 3rd quarter worth about $78,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Vitesse Energy by 143.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after purchasing an additional 3,679 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Vitesse Energy by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock worth $220,000 after purchasing an additional 418 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VTS. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Evercore ISI reissued an “in-line” rating and set a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th. Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Northland Securities boosted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th.

Vitesse Energy Stock Down 0.2 %

Vitesse Energy stock opened at $24.47 on Wednesday. Vitesse Energy, Inc. has a 52-week low of $21.83 and a 52-week high of $28.41. The firm has a 50 day moving average price of $25.63 and a two-hundred day moving average price of $25.74. The firm has a market cap of $944.00 million, a price-to-earnings ratio of 16.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Vitesse Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a $0.5625 dividend. The ex-dividend date is Friday, March 21st. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a yield of 9.19%. Vitesse Energy’s payout ratio is 351.56%.

Insiders Place Their Bets

In other news, CAO Mike Morella sold 8,143 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the sale, the chief accounting officer now owns 81,615 shares in the company, 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 legal filing with the SEC, which is available through this hyperlink. Also, VP Michael Sabol sold 6,714 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

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.