KLP Kapitalforvaltning AS Makes New $104,000 Investment in Vitesse Energy, Inc. (NYSE:VTS)

KLP Kapitalforvaltning AS bought a new stake in Vitesse Energy, Inc. (NYSE:VTS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,142 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTS. American Century Companies Inc. raised its position in Vitesse Energy by 18.6% during the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company’s stock worth $15,352,000 after buying an additional 96,463 shares during the last quarter. GoodHaven Capital Management LLC increased its stake in shares of Vitesse Energy by 8.0% in the fourth quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company’s stock worth $13,272,000 after acquiring an additional 39,340 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of Vitesse Energy by 49,774.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 19,451 shares of the company’s stock worth $485,000 after purchasing an additional 19,412 shares during the last quarter. one8zero8 LLC acquired a new position in Vitesse Energy during the fourth quarter valued at $3,330,000. Finally, AlphaQuest LLC boosted its holdings in Vitesse Energy by 415.4% in the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company’s stock valued at $184,000 after purchasing an additional 5,944 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Insider Buying and Selling

In other news, 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 sale, the chief accounting officer now directly owns 81,615 shares of the company’s stock, valued at $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael Sabol sold 6,714 shares of the business’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 value of $179,263.80. Following the sale, the vice president now owns 63,411 shares of the company’s stock, valued at $1,693,073.70. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.15% of the stock is owned by insiders.

Vitesse Energy Stock Performance

Shares of VTS stock opened at $19.75 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. Vitesse Energy, Inc. has a 12-month low of $18.90 and a 12-month high of $28.41. The business’s 50 day moving average is $24.53 and its two-hundred day moving average is $25.55. The company has a market capitalization of $761.99 million, a P/E ratio of 13.53 and a beta of 0.56.

Vitesse Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were paid a $0.5625 dividend. The ex-dividend date was Friday, March 21st. This represents a $2.25 dividend on an annualized basis and a yield of 11.39%. This is a boost from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s dividend payout ratio (DPR) is currently 351.56%.

Analyst Ratings Changes

A number of equities analysts have weighed in on VTS shares. Northland Securities lifted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, January 16th. Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Roth Mkm raised their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Finally, Evercore ISI reiterated an “in-line” rating and issued a $28.00 target price on shares of Vitesse Energy in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $30.25.

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.