SG Americas Securities LLC Sells 3,415 Shares of Vitesse Energy, Inc. (NYSE:VTS)

SG Americas Securities LLC cut its stake in Vitesse Energy, Inc. (NYSE:VTSFree Report) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,500 shares of the company’s stock after selling 3,415 shares during the period. SG Americas Securities LLC owned 0.10% of Vitesse Energy worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in Vitesse Energy by 2,301.8% during the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after purchasing an additional 1,312 shares during the period. Quest Partners LLC bought a new stake in Vitesse Energy during the third quarter worth $34,000. nVerses Capital LLC raised its position in shares of Vitesse Energy by 54.5% in the third quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after purchasing an additional 600 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Vitesse Energy in the third quarter valued at about $78,000. Finally, Quent Capital LLC grew its stake 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 valued at $134,000 after acquiring an additional 1,141 shares in the last quarter. 51.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th. Northland Securities raised their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Finally, Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th.

Get Our Latest Report on VTS

Insider Buying and Selling

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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael Sabol sold 6,714 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total value of $179,263.80. Following the transaction, the vice president now directly owns 63,411 shares in the company, valued at $1,693,073.70. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by corporate insiders.

Vitesse Energy Stock Up 1.3 %

Shares of Vitesse Energy stock opened at $26.38 on Thursday. 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, Inc. has a 52-week low of $19.63 and a 52-week high of $28.41. The stock has a market capitalization of $779.27 million, a price-to-earnings ratio of 18.07 and a beta of 0.51. The company’s 50 day moving average price is $26.50 and its 200-day moving average price is $25.63.

Vitesse Energy Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Vitesse Energy (NYSE:VTS)

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