GSA Capital Partners LLP Takes $927,000 Position in Vitesse Energy, Inc. $VTS

GSA Capital Partners LLP purchased a new stake in Vitesse Energy, Inc. (NYSE:VTS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 39,924 shares of the company’s stock, valued at approximately $927,000. GSA Capital Partners LLP owned approximately 0.10% of Vitesse Energy as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in Vitesse Energy in the third quarter worth approximately $34,000. Rakuten Investment Management Inc. bought a new position in shares of Vitesse Energy during the 3rd quarter valued at $37,000. Jones Financial Companies Lllp lifted its stake in shares of Vitesse Energy by 203.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,770 shares of the company’s stock valued at $43,000 after purchasing an additional 1,187 shares during the last quarter. CWM LLC boosted its holdings in Vitesse Energy by 138.8% in the second quarter. CWM LLC now owns 1,827 shares of the company’s stock worth $40,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Strs Ohio acquired a new position in Vitesse Energy during the first quarter worth $54,000. Institutional investors own 51.63% of the company’s stock.

Analyst Upgrades and Downgrades

VTS has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.50.

Vitesse Energy Price Performance

Shares of Vitesse Energy stock opened at $22.74 on Friday. The firm has a market cap of $879.36 million, a P/E ratio of 45.48 and a beta of 0.63. The firm’s 50-day simple moving average is $20.28 and its 200-day simple moving average is $22.20. Vitesse Energy, Inc. has a twelve month low of $18.84 and a twelve month high of $27.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.

Insider Buying and Selling

In other news, President Brian Cree sold 1,440 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $19.69, for a total value of $28,353.60. Following the sale, the president directly owned 464,225 shares in the company, valued at approximately $9,140,590.25. This represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Mike Morella sold 5,202 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $20.13, for a total value of $104,716.26. Following the completion of the transaction, the chief accounting officer directly owned 82,413 shares of the company’s stock, valued at approximately $1,658,973.69. The trade was a 5.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 341,808 shares of company stock valued at $6,758,540 over the last ninety days. Company insiders own 18.15% of the company’s stock.

Vitesse Energy Profile

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.