Vitesse Energy, Inc. (NYSE:VTS) Shares Bought by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC lifted its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,708 shares of the company’s stock after buying an additional 1,389 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Vitesse Energy were worth $568,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in Vitesse Energy by 2,301.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after acquiring an additional 1,312 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Vitesse Energy during the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB purchased a new position in Vitesse Energy in the third quarter valued at $78,000. R Squared Ltd purchased a new position in Vitesse Energy in the fourth quarter valued at $79,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Vitesse Energy by 143.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after buying an additional 3,679 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Stock Performance

Shares of VTS stock opened at $25.67 on Friday. Vitesse Energy, Inc. has a 1 year low of $21.83 and a 1 year high of $28.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $758.39 million, a price-to-earnings ratio of 17.58 and a beta of 0.51. The stock’s 50-day moving average is $26.10 and its two-hundred day moving average is $25.84.

Insider Buying and Selling

In related news, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value of $179,263.80. Following the completion of the sale, the vice president now owns 63,411 shares in the company, valued at $1,693,073.70. This represents a 9.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the transaction, the chief accounting officer now owns 81,615 shares in the company, valued at approximately $2,178,304.35. This represents a 9.07 % 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 company insiders.

Wall Street Analyst Weigh In

VTS has been the subject of several analyst reports. Northland Securities upped their price objective on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy 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.