Punch & Associates Investment Management Inc. Grows Position in Vitesse Energy, Inc. $VTS

Punch & Associates Investment Management Inc. raised its position in Vitesse Energy, Inc. (NYSE:VTS) by 13.0% during the 4th quarter, HoldingsChannel reports. The fund owned 1,438,529 shares of the company’s stock after buying an additional 165,534 shares during the quarter. Vitesse Energy comprises about 1.6% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 10th largest holding. Punch & Associates Investment Management Inc.’s holdings in Vitesse Energy were worth $27,706,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. ExodusPoint Capital Management LP bought a new stake in Vitesse Energy in the 4th quarter valued at approximately $1,892,000. Rothschild Wealth LLC bought a new stake in Vitesse Energy in the 4th quarter valued at approximately $385,000. Barclays PLC lifted its stake in Vitesse Energy by 8.0% in the 4th quarter. Barclays PLC now owns 46,983 shares of the company’s stock valued at $905,000 after acquiring an additional 3,475 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Vitesse Energy by 5.5% in the 4th quarter. Kestra Advisory Services LLC now owns 21,248 shares of the company’s stock valued at $409,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in Vitesse Energy by 20.4% in the 4th quarter. Rafferty Asset Management LLC now owns 34,997 shares of the company’s stock valued at $674,000 after acquiring an additional 5,924 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Insider Activity

In related news, Director Joseph S. Steinberg acquired 59,118 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were bought 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 approximately $1,029,384. This trade represents a 4,122.59% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.94% of the stock is currently owned by corporate insiders.

Vitesse Energy Trading Up 0.2%

Shares of Vitesse Energy 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 stock has a market cap of $668.53 million, a P/E ratio of -32.06 and a beta of 0.54. 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 200-day moving average is $19.40.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.4375 per share. The ex-dividend date is Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 10.9%. Vitesse Energy’s dividend payout ratio is currently -350.00%.

Analyst Ratings Changes

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

Vitesse Energy Profile

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.