Vitesse Energy (NYSE:VTS) Reaches New 1-Year High – Here’s What Happened

Vitesse Energy, Inc. (NYSE:VTS) reached a new 52-week high on Wednesday . The stock traded as high as $27.85 and last traded at $27.80, with a volume of 98447 shares traded. The stock had previously closed at $27.54.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners cut Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Wednesday, November 6th.

Vitesse Energy Stock Up 1.2 %

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 cap of $831.85 million, a price-to-earnings ratio of 19.12 and a beta of 0.22. The firm’s 50-day moving average is $25.52 and its 200 day moving average is $24.88.

Vitesse Energy Dividend Announcement

The company 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 $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 7.46%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is currently 143.84%.

Insider Activity at Vitesse Energy

In other Vitesse Energy news, CEO Robert W. Gerrity acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was bought at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the purchase, the chief executive officer now directly owns 495,311 shares in the company, valued at $12,249,041.03. This represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently made changes to their positions in VTS. Dimensional Fund Advisors LP boosted its holdings in Vitesse Energy by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after acquiring an additional 144,166 shares during the period. Geode Capital Management LLC boosted its stake in shares of Vitesse Energy by 1.7% in the third quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock valued at $13,988,000 after purchasing an additional 9,724 shares during the period. LSV Asset Management grew its holdings in Vitesse Energy by 2.2% during the 2nd quarter. LSV Asset Management now owns 388,397 shares of the company’s stock valued at $9,205,000 after purchasing an additional 8,185 shares in the last quarter. American Century Companies Inc. increased its stake in Vitesse Energy by 267.2% during the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock worth $6,769,000 after buying an additional 207,831 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Vitesse Energy by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 277,465 shares of the company’s stock worth $6,576,000 after buying an additional 7,513 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Company 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.