Ashford Capital Management Inc. acquired a new stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,820 shares of the company's stock, valued at approximately $572,000. Ashford Capital Management Inc. owned 0.08% of Vitesse Energy as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of Vitesse Energy in the 2nd quarter worth $26,000. International Assets Investment Management LLC lifted its holdings in Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company's stock valued at $33,000 after acquiring an additional 1,312 shares during the period. Quest Partners LLC purchased a new position in Vitesse Energy in the third quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new stake in shares of Vitesse Energy during the 2nd quarter valued at about $36,000. Finally, Quent Capital LLC grew its stake in shares of Vitesse Energy by 25.7% during the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company's stock valued at $134,000 after purchasing an additional 1,141 shares during the period. Hedge funds and other institutional investors own 51.63% of the company's stock.

Separately, Alliance Global Partners cut shares of Vitesse Energy from a "buy" rating to a "neutral" rating and set a $26.00 price objective on the stock. in a research note on Wednesday, November 6th.

Get Our Latest Report on VTS

In other news, CEO Robert W. Gerrity bought 10,000 shares of the firm's stock in a transaction on Friday, September 13th. The shares were bought at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the purchase, the chief executive officer now owns 495,311 shares in the company, valued at approximately $12,249,041.03. The trade was a 2.06 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.80% of the stock is currently owned by corporate insiders.

Shares of Vitesse Energy stock opened at $27.27 on Tuesday. Vitesse Energy, Inc. has a 1-year low of $19.63 and a 1-year high of $28.41. The company's fifty day simple moving average is $26.34 and its 200-day simple moving average is $25.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $805.56 million, a PE ratio of 18.68 and a beta of 0.34.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, December 16th. This represents a $2.10 annualized dividend and a yield of 7.70%. Vitesse Energy's dividend payout ratio (DPR) is presently 143.84%.

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.

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