Vitesse Energy (NYSE:VTS) Trading Up 2.6% – Here’s What Happened

Vitesse Energy, Inc. (NYSE:VTS) was up 2.6% during trading on Wednesday . The company traded as high as $22.19 and last traded at $22.1550. Approximately 412,902 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 347,865 shares. The stock had previously closed at $21.59.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.50.

Vitesse Energy Stock Performance

The stock has a market capitalization of $856.73 million, a PE ratio of 44.31 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50 day moving average of $20.24 and a 200-day moving average of $22.20.

Insider Activity at Vitesse Energy

In other Vitesse Energy news, VP Michael Sabol sold 4,497 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total value of $90,569.58. Following the transaction, the vice president owned 64,914 shares in the company, valued at approximately $1,307,367.96. This represents a 6.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert W. Gerrity sold 36,785 shares of Vitesse Energy stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $19.66, for a total transaction of $723,193.10. Following the sale, the chief executive officer directly owned 371,991 shares of the company’s stock, valued at $7,313,343.06. This trade represents a 9.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 341,808 shares of company stock valued at $6,758,540. 18.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vitesse Energy

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Vitesse Energy by 48.3% during the first quarter. Royal Bank of Canada now owns 36,074 shares of the company’s stock valued at $888,000 after acquiring an additional 11,747 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Vitesse Energy by 29.7% in the first quarter. AQR Capital Management LLC now owns 21,841 shares of the company’s stock worth $535,000 after purchasing an additional 5,002 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Vitesse Energy by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297 shares of the company’s stock worth $376,000 after buying an additional 1,065 shares during the last quarter. Millennium Management LLC increased its position in Vitesse Energy by 241.7% during the first quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock worth $4,415,000 after buying an additional 126,991 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Vitesse Energy by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 203,813 shares of the company’s stock worth $5,012,000 after buying an additional 9,943 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

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.