UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $714,000 Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vitesse Energy, Inc. (NYSE:VTS) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,579 shares of the company’s stock after purchasing an additional 1,757 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Vitesse Energy worth $714,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in Vitesse Energy by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock worth $220,000 after purchasing an additional 418 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vitesse Energy by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company’s stock worth $356,000 after purchasing an additional 497 shares during the period. Rhumbline Advisers grew its holdings in Vitesse Energy by 1.6% in the fourth quarter. Rhumbline Advisers now owns 41,929 shares of the company’s stock worth $1,048,000 after purchasing an additional 660 shares during the period. Meeder Asset Management Inc. acquired a new stake in Vitesse Energy in the fourth quarter worth $29,000. Finally, Legal & General Group Plc grew its holdings in Vitesse Energy by 4.1% in the fourth quarter. Legal & General Group Plc now owns 30,793 shares of the company’s stock worth $770,000 after purchasing an additional 1,219 shares during the period. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Stock Up 2.0%

VTS opened at $23.70 on Wednesday. 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 company’s 50-day moving average is $21.30 and its 200 day moving average is $24.25. Vitesse Energy, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $28.41. The firm has a market capitalization of $914.96 million, a P/E ratio of 16.23 and a beta of 0.63.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy’s payout ratio is currently 284.81%.

Analyst Ratings Changes

A number of research firms have weighed in on VTS. Evercore ISI reaffirmed an “in-line” rating and issued a $28.00 price objective on shares of Vitesse Energy in a research note on Wednesday, March 19th. Northland Securities lowered shares of Vitesse Energy from an “outperform” rating to a “market perform” rating and set a $19.00 price objective on the stock. in a research note on Tuesday, May 20th. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Roth Mkm raised their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Finally, Alliance Global Partners began coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They issued a “buy” rating and a $26.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Vitesse Energy presently has a consensus rating of “Hold” and a consensus price target of $26.50.

About Vitesse Energy

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.