Mariner LLC Sells 785 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Mariner LLC decreased its position in Vitesse Energy, Inc. (NYSE:VTS) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,648 shares of the company’s stock after selling 785 shares during the quarter. Mariner LLC’s holdings in Vitesse Energy were worth $341,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Vitesse Energy in the 4th quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in shares of Vitesse Energy in the fourth quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vitesse Energy in the third quarter valued at approximately $78,000. KLP Kapitalforvaltning AS bought a new stake in shares of Vitesse Energy in the fourth quarter worth $104,000. Finally, AlphaQuest LLC boosted its holdings in Vitesse Energy by 415.4% during the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company’s stock worth $184,000 after purchasing an additional 5,944 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Vitesse Energy Trading Up 2.3 %

Vitesse Energy stock opened at $21.37 on Friday. 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 stock has a 50-day simple moving average of $22.74 and a 200 day simple moving average of $25.10. The stock has a market capitalization of $824.41 million, a P/E ratio of 14.64 and a beta of 0.56. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 10.53%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy’s dividend payout ratio is 351.56%.

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.