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

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in shares of Vitesse Energy by 2.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 20,776 shares of the company’s stock valued at $400,000 after buying an additional 530 shares during the period. Ausdal Financial Partners Inc. grew its stake in shares of Vitesse Energy by 5.4% during the 4th quarter. Ausdal Financial Partners Inc. now owns 13,364 shares of the company’s stock worth $257,000 after acquiring an additional 690 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Vitesse Energy by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,911 shares of the company’s stock worth $576,000 after acquiring an additional 756 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Vitesse Energy by 3.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,957 shares of the company’s stock worth $404,000 after acquiring an additional 786 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vitesse Energy by 5.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,158 shares of the company’s stock worth $357,000 after acquiring an additional 861 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Joseph S. Steinberg bought 59,118 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was acquired 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 in the company, valued at $1,029,384. This trade represents a 4,122.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VTS has been the topic of several recent research reports. Wall Street Zen downgraded shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, March 7th. Weiss Ratings downgraded shares of Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Northland Securities set a $20.00 price target on shares of Vitesse Energy in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Vitesse Energy has a consensus rating of “Hold” and an average price target of $20.00.

Vitesse Energy Price Performance

Vitesse Energy stock opened at $15.76 on Monday. Vitesse Energy, Inc. has a one year low of $15.42 and a one year high of $27.15. The business has a fifty day moving average price of $17.62 and a 200-day moving average price of $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. The firm has a market capitalization of $657.14 million, a P/E ratio of -31.51 and a beta of 0.55.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a yield of 11.1%. Vitesse Energy’s dividend payout ratio is -350.00%.

About Vitesse Energy

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.