EntryPoint Capital LLC Takes $264,000 Position in Vitesse Energy, Inc. (NYSE:VTS)

EntryPoint Capital LLC purchased a new position in Vitesse Energy, Inc. (NYSE:VTS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,578 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in Vitesse Energy during the third quarter worth $34,000. Wilmington Savings Fund Society FSB acquired a new stake in Vitesse Energy in the 3rd quarter valued at about $78,000. R Squared Ltd acquired a new position in Vitesse Energy during the fourth quarter worth about $79,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Vitesse Energy in the fourth quarter valued at about $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vitesse Energy by 143.7% in the third 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 last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on VTS. Evercore ISI restated an “in-line” rating and set a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price objective 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 research report on Thursday, January 16th. Finally, Northland Securities upped their target price on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, January 16th.

Vitesse Energy Trading Up 0.1 %

Shares of Vitesse Energy stock opened at $24.74 on Friday. Vitesse Energy, Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $28.41. The business’s fifty day moving average is $25.48 and its two-hundred day moving average is $25.73. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $954.34 million, a PE ratio of 16.94 and a beta of 0.53.

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. This represents a $2.25 dividend on an annualized basis and a yield of 9.10%. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, March 21st. Vitesse Energy’s dividend payout ratio (DPR) is presently 351.56%.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, VP Michael Sabol sold 6,714 shares of Vitesse Energy stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value of $179,263.80. Following the transaction, the vice president now owns 63,411 shares in the company, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 owns 81,615 shares of the company’s stock, valued at approximately $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.15% of the stock is owned by company insiders.

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.