Vitesse Energy (NYSE:VTS) Sets New 1-Year High – Should You Buy?

Vitesse Energy, Inc. (NYSE:VTS)’s share price reached a new 52-week high on Friday . The stock traded as high as $28.65 and last traded at $28.65, with a volume of 447 shares changing hands. The stock had previously closed at $27.93.

Analyst Ratings Changes

Separately, Alliance Global Partners cut Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Wednesday, November 6th.

Vitesse Energy Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $829.48 million, a price-to-earnings ratio of 19.23 and a beta of 0.22. The firm has a 50-day simple moving average of $25.94 and a two-hundred day simple moving average of $25.06.

Vitesse Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is currently 143.84%.

Insiders Place Their Bets

In related news, CEO Robert W. Gerrity acquired 10,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the purchase, the chief executive officer now owns 495,311 shares of the company’s stock, valued at $12,249,041.03. This represents a 2.06 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.80% of the stock is owned by company insiders.

Institutional Trading of Vitesse Energy

Large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Vitesse Energy during the third quarter worth $78,000. Barclays PLC lifted its holdings in Vitesse Energy by 325.7% during the 3rd quarter. Barclays PLC now owns 39,528 shares of the company’s stock worth $950,000 after buying an additional 30,243 shares during the last quarter. Ashford Capital Management Inc. acquired a new position in shares of Vitesse Energy during the 3rd quarter worth about $572,000. Geode Capital Management LLC increased its holdings in shares of Vitesse Energy by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock valued at $13,988,000 after acquiring an additional 9,724 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Vitesse Energy by 12.8% during the 3rd quarter. Jane Street Group LLC now owns 50,768 shares of the company’s stock worth $1,219,000 after acquiring an additional 5,777 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

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.