Vitesse Energy, Inc. $VTS Stock: North Star Investment Management Corp. Reduces Position

North Star Investment Management Corp. cut its position in Vitesse Energy, Inc. (NYSE:VTS) by 90.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,819 shares of the company’s stock after selling 138,263 shares during the period. North Star Investment Management Corp.’s holdings in Vitesse Energy were worth $247,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Vitesse Energy by 15.4% during the third quarter. Signaturefd LLC now owns 4,109 shares of the company’s stock worth $69,000 after purchasing an additional 548 shares during the period. Farther Finance Advisors LLC boosted its position in Vitesse Energy by 458.6% in the third quarter. Farther Finance Advisors LLC now owns 1,877 shares of the company’s stock valued at $31,000 after buying an additional 1,541 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Vitesse Energy in the second quarter valued at approximately $30,000. GAMMA Investing LLC boosted its position in Vitesse Energy by 150.3% in the third quarter. GAMMA Investing LLC now owns 3,334 shares of the company’s stock valued at $56,000 after buying an additional 2,002 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Vitesse Energy by 359.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock worth $54,000 after buying an additional 2,307 shares during the period. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VTS has been the subject of a number of recent research reports. Northland Securities set a $20.50 price target on shares of Vitesse Energy in a research report on Thursday, September 17th. Weiss Ratings lowered shares of Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of Vitesse Energy in a research note on Thursday, September 17th. Alliance Global Partners restated a “buy” rating on shares of Vitesse Energy in a research report on Tuesday, August 4th. Finally, Zacks Research raised shares of Vitesse Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vitesse Energy has a consensus rating of “Hold” and an average price target of $20.50.

Vitesse Energy Trading Up 0.4%

VTS opened at $18.37 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $17.56 and its two-hundred day simple moving average is $18.00. Vitesse Energy, Inc. has a 1-year low of $15.00 and a 1-year high of $22.91. The firm has a market capitalization of $773.45 million, a price-to-earnings ratio of -55.67 and a beta of 0.60.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a $0.4375 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.5%. Vitesse Energy’s dividend payout ratio is -530.30%.

Vitesse Energy Profile

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.