Vitesse Energy, Inc. (NYSE:VTS) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 228,805 shares of the company’s stock after acquiring an additional 14,398 shares during the quarter. Northern Trust Corp owned 0.77% of Vitesse Energy worth $5,720,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Vitesse Energy in the fourth quarter worth about $29,000. R Squared Ltd acquired a new stake in shares of Vitesse Energy during the fourth quarter worth about $79,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Vitesse Energy during the fourth quarter worth about $104,000. AlphaQuest LLC boosted its position in Vitesse Energy by 415.4% in the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company’s stock valued at $184,000 after buying an additional 5,944 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Vitesse Energy by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock valued at $220,000 after buying an additional 418 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Analysts Set New Price Targets

VTS has been the topic of a number of recent research reports. Evercore ISI reiterated an “in-line” rating and issued a $28.00 target price on shares of Vitesse Energy in a research report on Wednesday, March 19th. Roth Mkm upped their target price on Vitesse Energy from $30.50 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Northland Securities lowered Vitesse Energy from an “outperform” rating to a “market perform” rating and set a $19.00 target price on the stock. in a research report on Tuesday. Finally, Alliance Global Partners initiated coverage on Vitesse Energy in a research report on Wednesday, May 14th. They issued a “buy” rating and a $26.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Vitesse Energy Trading Down 3.3%

Shares of NYSE:VTS opened at $21.57 on Wednesday. Vitesse Energy, Inc. has a 12-month low of $18.90 and a 12-month high of $28.41. The company has a market capitalization of $832.90 million, a PE ratio of 14.77 and a beta of 0.67. The business has a 50 day moving average of $22.06 and a two-hundred day moving average of $24.82. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

Vitesse Energy Dividend Announcement

The business 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 $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date is Monday, June 16th. Vitesse Energy’s payout ratio is presently 284.81%.

Vitesse Energy 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.