Merrion Investment Management Co LLC Sells 2,735 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Merrion Investment Management Co LLC lowered its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,843 shares of the company’s stock after selling 2,735 shares during the quarter. Vitesse Energy comprises approximately 1.7% of Merrion Investment Management Co LLC’s investment portfolio, making the stock its 14th largest holding. Merrion Investment Management Co LLC owned about 0.33% of Vitesse Energy worth $2,446,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Vitesse Energy by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after purchasing an additional 144,166 shares during the period. Geode Capital Management LLC boosted its holdings in Vitesse Energy by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock worth $13,988,000 after acquiring an additional 9,724 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after acquiring an additional 110,830 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Vitesse Energy by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock worth $5,807,000 after acquiring an additional 853 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Vitesse Energy by 112.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock worth $5,450,000 after acquiring an additional 119,861 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Insider Transactions at Vitesse Energy

In related news, VP Michael Sabol sold 6,714 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total value of $179,263.80. Following the sale, the vice president now directly owns 63,411 shares in the company, valued at approximately $1,693,073.70. The trade was a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mike Morella sold 8,143 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 81,615 shares in the company, valued at $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th. Northland Capmk raised shares of Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th. Finally, Northland Securities lifted their price objective 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.

Vitesse Energy Trading Up 1.3 %

NYSE VTS opened at $26.38 on Thursday. The stock has a market capitalization of $779.27 million, a price-to-earnings ratio of 18.07 and a beta of 0.51. Vitesse Energy, Inc. has a one year low of $19.63 and a one year high of $28.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The business’s fifty day moving average is $26.50 and its 200-day moving average is $25.63.

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.