Factorial Partners LLC Sells 2,000 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Factorial Partners LLC trimmed its stake in Vitesse Energy, Inc. (NYSE:VTS) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,000 shares of the company’s stock after selling 2,000 shares during the quarter. Factorial Partners LLC owned 0.26% of Vitesse Energy worth $1,850,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in shares of Vitesse Energy in the 2nd quarter worth about $26,000. International Assets Investment Management LLC raised its holdings in Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after buying an additional 1,312 shares during the last quarter. Quest Partners LLC bought a new position in shares of Vitesse Energy in the third quarter worth approximately $34,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Vitesse Energy during the second quarter valued at approximately $36,000. Finally, Quent Capital LLC grew its holdings in shares of Vitesse Energy by 25.7% during the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock valued at $134,000 after buying an additional 1,141 shares during the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners cut Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Wednesday, November 6th.

Vitesse Energy Trading Up 1.3 %

Shares of NYSE:VTS opened at $27.54 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. Vitesse Energy, Inc. has a 1 year low of $19.63 and a 1 year high of $27.85. The company has a market cap of $813.64 million, a P/E ratio of 18.86 and a beta of 0.22. The stock’s fifty day moving average price is $25.37 and its 200-day moving average price is $24.84.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.63%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s dividend payout ratio is currently 143.84%.

Insider Activity

In related news, CEO Robert W. Gerrity acquired 10,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the transaction, the chief executive officer now directly owns 495,311 shares in the company, valued at approximately $12,249,041.03. This trade represents a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.80% of the company’s stock.

Vitesse Energy 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.