Principal Financial Group Inc. Acquires 476 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Principal Financial Group Inc. lifted its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,260 shares of the company’s stock after acquiring an additional 476 shares during the period. Principal Financial Group Inc.’s holdings in Vitesse Energy were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in VTS. Meeder Asset Management Inc. bought a new position in shares of Vitesse Energy in the 4th quarter worth about $29,000. KLP Kapitalforvaltning AS bought a new position in shares of Vitesse Energy in the 4th quarter worth about $104,000. GAMMA Investing LLC raised its position in shares of Vitesse Energy by 2,023.8% in the 1st quarter. GAMMA Investing LLC now owns 6,074 shares of the company’s stock worth $149,000 after acquiring an additional 5,788 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Vitesse Energy in the 4th quarter worth about $162,000. Finally, GF Fund Management CO. LTD. bought a new position in shares of Vitesse Energy in the 4th quarter worth about $189,000. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Price Performance

VTS stock opened at $23.67 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.73 and a current ratio of 0.73. The business has a 50-day simple moving average of $22.66 and a two-hundred day simple moving average of $23.64. The company has a market capitalization of $913.90 million, a P/E ratio of 29.96 and a beta of 0.66. Vitesse Energy, Inc. has a 52-week low of $18.90 and a 52-week high of $28.41.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 9.51%. The ex-dividend date was Monday, June 16th. Vitesse Energy’s dividend payout ratio is currently 284.81%.

Analyst Ratings Changes

Several research firms have recently weighed in on VTS. Alliance Global Partners assumed coverage on Vitesse Energy in a research report on Wednesday, May 14th. They issued a “buy” rating and a $26.00 price objective for the company. Roth Mkm raised their target price on Vitesse Energy from $30.50 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. Northland Securities downgraded Vitesse Energy from an “outperform” rating to a “market perform” rating and set a $19.00 target price for the company. in a research note on Tuesday, May 20th. Wall Street Zen downgraded Vitesse Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Finally, Northland Capmk upgraded Vitesse Energy to a “hold” rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.50.

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.