Register Financial Advisors LLC Buys Shares of 1,900 Vitesse Energy, Inc. (NYSE:VTS)

Register Financial Advisors LLC purchased a new position in shares of Vitesse Energy, Inc. (NYSE:VTSFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,900 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Vitesse Energy by 14.6% during the third quarter. PNC Financial Services Group Inc. now owns 11,148 shares of the company’s stock worth $255,000 after purchasing an additional 1,420 shares during the period. Trexquant Investment LP acquired a new position in Vitesse Energy in the third quarter valued at approximately $739,000. Ancora Advisors LLC lifted its holdings in Vitesse Energy by 144.7% in the third quarter. Ancora Advisors LLC now owns 108,969 shares of the company’s stock valued at $2,494,000 after acquiring an additional 64,444 shares during the last quarter. GSA Capital Partners LLP grew its position in Vitesse Energy by 43.8% in the third quarter. GSA Capital Partners LLP now owns 66,219 shares of the company’s stock worth $1,516,000 after acquiring an additional 20,170 shares during the period. Finally, Vanguard Group Inc. increased its stake in Vitesse Energy by 2.6% during the third quarter. Vanguard Group Inc. now owns 2,449,798 shares of the company’s stock worth $56,076,000 after acquiring an additional 62,599 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Performance

Shares of Vitesse Energy stock opened at $23.70 on Friday. The firm has a market cap of $697.97 million, a PE ratio of 28.21 and a beta of 0.33. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.19. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $25.68. The business’s fifty day simple moving average is $23.92 and its 200-day simple moving average is $22.83.

Vitesse Energy (NYSE:VTSGet Free Report) last posted its earnings results on Monday, May 6th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Vitesse Energy had a net margin of 10.92% and a return on equity of 7.87%. The company had revenue of $61.19 million for the quarter, compared to analysts’ expectations of $61.05 million. Equities analysts forecast that Vitesse Energy, Inc. will post 1.46 earnings per share for the current year.

Vitesse Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 8.86%. The ex-dividend date of this dividend was Friday, June 14th. This is an increase from Vitesse Energy’s previous quarterly dividend of $0.50. Vitesse Energy’s dividend payout ratio (DPR) is 250.00%.

Vitesse Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Vitesse Energy (NYSE:VTS)

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