North Star Investment Management Corp. Acquires 94,244 Shares of Vitesse Energy, Inc. $VTS

North Star Investment Management Corp. boosted its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS) by 230.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,054 shares of the company’s stock after buying an additional 94,244 shares during the period. North Star Investment Management Corp. owned approximately 0.32% of Vitesse Energy worth $2,453,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Vitesse Energy by 2,499.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,001 shares of the company’s stock valued at $9,757,000 after buying an additional 403,843 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Vitesse Energy by 2,102.0% in the 3rd quarter. Millennium Management LLC now owns 204,350 shares of the company’s stock worth $4,747,000 after acquiring an additional 195,070 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its position in Vitesse Energy by 17.9% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,272,995 shares of the company’s stock valued at $29,572,000 after acquiring an additional 193,195 shares in the last quarter. Renaissance Technologies LLC lifted its position in Vitesse Energy by 585.0% in the 4th quarter. Renaissance Technologies LLC now owns 168,500 shares of the company’s stock valued at $3,245,000 after acquiring an additional 143,900 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Vitesse Energy by 85.5% during the 4th quarter. First Trust Advisors LP now owns 252,248 shares of the company’s stock valued at $4,858,000 after purchasing an additional 116,246 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VTS shares. Weiss Ratings lowered Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Northland Securities set a $20.00 target price on Vitesse Energy in a report on Wednesday, May 6th. Finally, Wall Street Zen cut Vitesse Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 7th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Vitesse Energy Stock Down 0.2%

VTS opened at $15.76 on Monday. Vitesse Energy, Inc. has a fifty-two week low of $15.42 and a fifty-two week high of $27.15. The firm has a market capitalization of $657.14 million, a P/E ratio of -31.51 and a beta of 0.55. The company’s 50-day moving average is $17.62 and its 200 day moving average is $19.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.75 annualized dividend and a dividend yield of 11.1%. Vitesse Energy’s dividend payout ratio (DPR) is currently -350.00%.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, Director Joseph S. Steinberg bought 59,118 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $1,005,006.00. Following the purchase, the director directly owned 60,552 shares of the company’s stock, valued at approximately $1,029,384. This represents a 4,122.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.94% of the stock is owned by insiders.

Vitesse Energy Company 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.