Vitesse Energy, Inc. (NYSE:VTS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,918 shares of the company’s stock after selling 8,991 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of Vitesse Energy worth $5,448,000 at the end of the most recent quarter.

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

Insider Activity at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total value of $217,336.67. Following the sale, the chief accounting officer now directly owns 81,615 shares in the company, valued at $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michael Sabol sold 6,714 shares of the 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 owns 63,411 shares of the company’s stock, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VTS. Northland Securities raised their price objective 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 upped their target price for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Evercore ISI reissued an “in-line” rating and issued a $28.00 price target on shares of Vitesse Energy in a research note on Wednesday, March 19th. Finally, Northland Capmk raised shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th.

Vitesse Energy Stock Performance

NYSE:VTS opened at $24.47 on Wednesday. The firm has a market capitalization of $944.00 million, a PE ratio of 16.76 and a beta of 0.53. Vitesse Energy, Inc. has a 1 year low of $21.83 and a 1 year high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $25.63 and its 200 day simple moving average is $25.74.

Vitesse Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $2.25 dividend on an annualized basis and a yield of 9.19%. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s payout ratio is 351.56%.

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.