Harvest Fund Management Co. Ltd Acquires 19,412 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Harvest Fund Management Co. Ltd grew its position in Vitesse Energy, Inc. (NYSE:VTS) by 49,774.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,451 shares of the company’s stock after buying an additional 19,412 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Vitesse Energy were worth $485,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC bought a new position in shares of Vitesse Energy in the third quarter valued at approximately $34,000. R Squared Ltd bought a new position in shares of Vitesse Energy in the fourth quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB bought a new position in shares of Vitesse Energy in the third quarter valued at approximately $78,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 acquiring an additional 3,679 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Vitesse Energy by 415.4% in the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company’s stock valued at $184,000 after acquiring an additional 5,944 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

Insider Activity

In other news, CAO Mike Morella sold 8,143 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total value of $217,336.67. Following the completion of the transaction, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at $2,178,304.35. The trade was a 9.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael Sabol sold 6,714 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the completion of the transaction, the vice president now directly 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. 15.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VTS shares. Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th. Northland Securities lifted their target price 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, Evercore ISI reaffirmed an “in-line” rating and set a $28.00 target price on shares of Vitesse Energy in a report on Wednesday.

Vitesse Energy Price Performance

VTS opened at $22.92 on Friday. The company has a fifty day moving average price of $25.72 and a two-hundred day moving average price of $25.73. 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 $21.83 and a 52 week high of $28.41. The firm has a market capitalization of $884.25 million, a PE ratio of 15.70 and a beta of 0.53.

Vitesse Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be issued a $0.5625 dividend. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, March 21st. This represents a $2.25 annualized dividend and a dividend yield of 9.82%. Vitesse Energy’s payout ratio is 351.56%.

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.