Punch & Associates Investment Management Inc. increased its position in Vitesse Energy, Inc. (NYSE:VTS – Free Report) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,438,529 shares of the company’s stock after buying an additional 165,534 shares during the period. Vitesse Energy accounts for 1.6% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 10th largest holding. Punch & Associates Investment Management Inc. owned 3.72% of Vitesse Energy worth $27,706,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in VTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vitesse Energy by 2,499.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,001 shares of the company’s stock worth $9,757,000 after buying an additional 403,843 shares during the last quarter. Millennium Management LLC raised its stake in shares of Vitesse Energy by 2,102.0% in the 3rd quarter. Millennium Management LLC now owns 204,350 shares of the company’s stock valued at $4,747,000 after acquiring an additional 195,070 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Vitesse Energy by 585.0% in the 4th quarter. Renaissance Technologies LLC now owns 168,500 shares of the company’s stock valued at $3,245,000 after acquiring an additional 143,900 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Vitesse Energy by 85.5% in the 4th quarter. First Trust Advisors LP now owns 252,248 shares of the company’s stock valued at $4,858,000 after acquiring an additional 116,246 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Vitesse Energy by 12.9% in the 3rd quarter. American Century Companies Inc. now owns 954,590 shares of the company’s stock valued at $22,175,000 after acquiring an additional 108,742 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.
Vitesse Energy Trading Up 0.2%
Shares of VTS stock opened at $16.03 on Wednesday. Vitesse Energy, Inc. has a 12 month low of $15.80 and a 12 month high of $27.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $17.99 and its two-hundred day moving average is $19.40. The company has a market cap of $668.53 million, a PE ratio of -32.06 and a beta of 0.54.
Vitesse Energy Dividend Announcement
Insider Activity
In related news, Director Joseph S. Steinberg acquired 59,118 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was bought at an average cost of $17.00 per share, with a total value of $1,005,006.00. Following the completion of the acquisition, the director owned 60,552 shares in the company, valued at $1,029,384. The trade was a 4,122.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 13.94% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have commented on VTS shares. Weiss Ratings downgraded Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, March 7th. Finally, Northland Securities set a $20.00 price target on Vitesse Energy in a report on Wednesday, May 6th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Vitesse Energy presently has a consensus rating of “Hold” and an average price target of $20.00.
Check Out Our Latest Research Report on Vitesse Energy
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.
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