Vitesse Energy’s (VTS) “In-Line” Rating Reiterated at Evercore ISI

Vitesse Energy (NYSE:VTS)‘s stock had its “in-line” rating reissued by investment analysts at Evercore ISI in a report issued on Wednesday,Benzinga reports. They currently have a $28.00 price target on the stock. Evercore ISI’s price objective would indicate a potential upside of 17.70% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Northland Securities upped their price target on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Finally, Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th.

Vitesse Energy Trading Down 0.2 %

Shares of NYSE:VTS opened at $23.79 on Wednesday. The company has a market cap of $917.77 million, a P/E ratio of 16.29 and a beta of 0.53. 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 has a 1 year low of $21.83 and a 1 year high of $28.41. The stock’s fifty day moving average price is $25.87 and its 200-day moving average price is $25.77.

Insider Buying and Selling

In other news, CAO Mike Morella sold 8,143 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 81,615 shares in the company, valued at $2,178,304.35. This represents a 9.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 63,411 shares in the company, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by insiders.

Institutional Trading of Vitesse Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of VTS. one8zero8 LLC purchased a new position in shares of Vitesse Energy during the 4th quarter valued at about $3,330,000. Dimensional Fund Advisors LP raised its stake in Vitesse Energy by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company’s stock worth $29,031,000 after acquiring an additional 125,988 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Vitesse Energy by 112.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock valued at $5,450,000 after purchasing an additional 119,861 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Vitesse Energy by 61.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after purchasing an additional 110,830 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Vitesse Energy by 877.8% in the fourth quarter. Marshall Wace LLP now owns 121,468 shares of the company’s stock worth $3,037,000 after purchasing an additional 109,046 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

About Vitesse Energy

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.