Inlet Private Wealth LLC Buys 400 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Inlet Private Wealth LLC raised its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 59,651 shares of the company’s stock after purchasing an additional 400 shares during the period. Inlet Private Wealth LLC’s holdings in Vitesse Energy were worth $1,491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Vitesse Energy by 18.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after acquiring an additional 144,166 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Vitesse Energy by 112.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock worth $5,450,000 after purchasing an additional 119,861 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Vitesse Energy by 61.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after purchasing an additional 110,830 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Vitesse Energy during the 3rd quarter valued at $1,326,000. Finally, Barclays PLC lifted its stake in shares of Vitesse Energy by 325.7% during the 3rd quarter. Barclays PLC now owns 39,528 shares of the company’s stock valued at $950,000 after buying an additional 30,243 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on VTS. Northland Securities raised their price target on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy Stock Performance

NYSE:VTS opened at $25.85 on Friday. 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 company has a market cap of $763.61 million, a price-to-earnings ratio of 17.71 and a beta of 0.51. Vitesse Energy, Inc. has a 1 year low of $19.63 and a 1 year high of $28.41. The stock’s 50 day simple moving average is $26.44 and its two-hundred day simple moving average is $25.64.

Insider Activity at Vitesse Energy

In other Vitesse Energy news, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now directly owns 63,411 shares in the company, valued at $1,693,073.70. This represents a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 approximately $2,178,304.35. This trade represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by insiders.

About Vitesse Energy

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.