Invesco Ltd. Acquires 4,224 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Invesco Ltd. lifted its stake in Vitesse Energy, Inc. (NYSE:VTS) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,837 shares of the company’s stock after purchasing an additional 4,224 shares during the quarter. Invesco Ltd. owned about 0.26% of Vitesse Energy worth $1,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Vitesse Energy in the 4th quarter worth about $29,000. R Squared Ltd purchased a new stake in shares of Vitesse Energy during the fourth quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB purchased a new position in Vitesse Energy in the 3rd quarter worth approximately $78,000. KLP Kapitalforvaltning AS bought a new stake in shares of Vitesse Energy in the 4th quarter worth $104,000. Finally, AlphaQuest LLC raised its position in Vitesse Energy by 415.4% in the 4th quarter. AlphaQuest LLC now owns 7,375 shares of the company’s stock worth $184,000 after buying an additional 5,944 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

Vitesse Energy Trading Up 0.1 %

Shares of Vitesse Energy stock opened at $21.52 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The company has a fifty day moving average of $23.04 and a 200 day moving average of $25.18. The company has a market capitalization of $830.20 million, a P/E ratio of 14.74 and a beta of 0.56. Vitesse Energy, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $28.41.

Vitesse Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 10.46%. This is an increase from Vitesse Energy’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, March 21st. Vitesse Energy’s dividend payout ratio is presently 351.56%.

Wall Street Analysts Forecast Growth

VTS has been the topic of a number of research analyst reports. Evercore ISI restated an “in-line” rating and set a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Northland Securities raised their price target on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th. Finally, Roth Mkm boosted their price target on Vitesse Energy from $30.50 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $30.25.

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.