138,263 Vitesse Energy, Inc. $VTS Shares Sold by North Star Investment Management Corp.

Key Points

• North Star Investment Management cut its Vitesse Energy stake by 90.3% in the third quarter, selling 138,263 shares and retaining 14,819 shares worth approximately $247,000. Institutional investors collectively own 51.63% of the company.
• Vitesse Energy shares opened at $18.37, within a 12-month range of $15.00 to $22.91. The company announced a quarterly dividend of $0.4375 per share, equivalent to a $1.75 annualized payout and a 9.5% yield.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one rates it Hold, and one rates it Sell. The average rating is Hold, with an average price target of $20.50.

North Star Investment Management Corp. lessened its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 90.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,819 shares of the company's stock after selling 138,263 shares during the quarter. North Star Investment Management Corp.'s holdings in Vitesse Energy were worth $247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Vitesse Energy by 458.6% in the third quarter. Farther Finance Advisors LLC now owns 1,877 shares of the company's stock valued at $31,000 after acquiring an additional 1,541 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Vitesse Energy during the second quarter worth $30,000. Versant Capital Management Inc increased its position in shares of Vitesse Energy by 3,545.7% during the third quarter. Versant Capital Management Inc now owns 2,552 shares of the company's stock worth $43,000 after purchasing an additional 2,482 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Vitesse Energy by 359.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company's stock valued at $54,000 after purchasing an additional 2,307 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Vitesse Energy by 150.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,334 shares of the company's stock valued at $56,000 after purchasing an additional 2,002 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Trading Up 0.4%

Shares of Vitesse Energy stock opened at $18.37 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.25. Vitesse Energy, Inc. has a 12-month low of $15.00 and a 12-month high of $22.91. The firm has a market capitalization of $773.45 million, a price-to-earnings ratio of -55.67 and a beta of 0.60. The firm's 50 day simple moving average is $17.56 and its two-hundred day simple moving average is $18.00.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Tuesday, December 15th. Vitesse Energy's payout ratio is presently -530.30%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VTS shares. Alliance Global Partners reissued a "buy" rating on shares of Vitesse Energy in a research report on Tuesday, August 4th. Citigroup reaffirmed an "outperform" rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Weiss Ratings cut Vitesse Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Northland Securities set a $20.50 price target on Vitesse Energy in a research note on Thursday, September 17th. Finally, Wall Street Zen raised Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.50.

Vitesse Energy Company Profile

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company's portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.

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