Sequoia Financial Advisors LLC Takes Position in Vitesse Energy, Inc. (NYSE:VTS)

Sequoia Financial Advisors LLC purchased a new stake in Vitesse Energy, Inc. (NYSE:VTS) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,614 shares of the company’s stock, valued at approximately $279,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Vitesse Energy in the second quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Vitesse Energy in the second quarter worth $36,000. Quent Capital LLC lifted its position in shares of Vitesse Energy by 25.7% in the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after purchasing an additional 1,141 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Vitesse Energy in the second quarter worth $230,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Vitesse Energy by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company’s stock worth $230,000 after purchasing an additional 492 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Analyst Ratings Changes

Separately, Alliance Global Partners cut their price objective on shares of Vitesse Energy from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.

Insiders Place Their Bets

In other news, CEO Robert W. Gerrity purchased 10,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $24.73 per share, with a total value of $247,300.00. Following the completion of the transaction, the chief executive officer now owns 495,311 shares of the company’s stock, valued at $12,249,041.03. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.80% of the company’s stock.

Vitesse Energy Stock Performance

Shares of VTS stock opened at $24.71 on Tuesday. The company’s fifty day simple moving average is $24.87 and its 200-day simple moving average is $24.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a market cap of $727.71 million, a PE ratio of 28.08 and a beta of 0.23. Vitesse Energy, Inc. has a 12 month low of $19.63 and a 12 month high of $26.68.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Vitesse Energy had a return on equity of 7.94% and a net margin of 10.78%. The firm had revenue of $66.60 million for the quarter, compared to the consensus estimate of $63.89 million. Equities research analysts expect that Vitesse Energy, Inc. will post 1.4 EPS for the current fiscal year.

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.