Militia Capital Management LLC Acquires New Holdings in Vitesse Energy, Inc. $VTS

Militia Capital Management LLC bought a new position in Vitesse Energy, Inc. (NYSE:VTS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 57,576 shares of the company’s stock, valued at approximately $1,046,000. Militia Capital Management LLC owned approximately 0.14% of Vitesse Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. raised its stake in shares of Vitesse Energy by 13.0% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,438,529 shares of the company’s stock worth $27,706,000 after acquiring an additional 165,534 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Vitesse Energy by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,420,697 shares of the company’s stock valued at $27,363,000 after acquiring an additional 69,477 shares in the last quarter. State Street Corp boosted its stake in Vitesse Energy by 3.3% in the fourth quarter. State Street Corp now owns 1,015,971 shares of the company’s stock valued at $19,568,000 after acquiring an additional 32,790 shares in the last quarter. Geode Capital Management LLC grew its holdings in Vitesse Energy by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 702,660 shares of the company’s stock worth $13,536,000 after purchasing an additional 3,364 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vitesse Energy by 2,499.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,001 shares of the company’s stock worth $9,757,000 after purchasing an additional 403,843 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Up 0.4%

VTS stock opened at $15.96 on Friday. The firm has a 50 day moving average of $16.63 and a 200 day moving average of $18.51. The stock has a market capitalization of $665.61 million, a PE ratio of -31.92 and a beta of 0.57. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. Vitesse Energy, Inc. has a 52 week low of $15.01 and a 52 week high of $27.15.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.4375 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 11.0%. Vitesse Energy’s dividend payout ratio (DPR) is currently -350.00%.

Analyst Ratings Changes

VTS has been the subject of several analyst reports. Northland Securities upgraded Vitesse Energy from a “market perform” rating to an “outperform” rating and set a $18.50 price objective for the company in a report on Thursday. Weiss Ratings downgraded Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded Vitesse Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Vitesse Energy has a consensus rating of “Hold” and an average price target of $19.25.

Insider Activity at Vitesse Energy

In related news, Director Joseph S. Steinberg acquired 40,882 shares of the stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $16.16 per share, for a total transaction of $660,653.12. Following the completion of the purchase, the director owned 108,500 shares of the company’s stock, valued at approximately $1,753,360. This represents a 60.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.94% 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.