Vitesse Energy, Inc. (NYSE:VTS) Given Average Rating of “Hold” by Brokerages

Shares of Vitesse Energy, Inc. (NYSE:VTS) have received an average rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.50.

Several research firms have issued reports on VTS. Northland Securities lowered shares of Vitesse Energy from an “outperform” rating to a “market perform” rating and set a $19.00 price target for the company. in a research report on Tuesday, May 20th. Northland Capmk upgraded shares of Vitesse Energy to a “hold” rating in a research report on Tuesday, May 20th. Wall Street Zen lowered shares of Vitesse Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Finally, Alliance Global Partners assumed coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They set a “buy” rating and a $26.00 price objective for the company.

Institutional Trading of Vitesse Energy

Several large investors have recently bought and sold shares of VTS. Nuveen LLC bought a new position in shares of Vitesse Energy during the first quarter valued at approximately $10,296,000. Millennium Management LLC boosted its holdings in Vitesse Energy by 241.7% in the first quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock worth $4,415,000 after purchasing an additional 126,991 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Vitesse Energy by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company’s stock worth $29,031,000 after purchasing an additional 125,988 shares during the last quarter. Marshall Wace LLP boosted its holdings in Vitesse Energy by 877.8% in the fourth quarter. Marshall Wace LLP now owns 121,468 shares of the company’s stock worth $3,037,000 after purchasing an additional 109,046 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Vitesse Energy by 31.7% in the first quarter. Harbor Capital Advisors Inc. now owns 382,753 shares of the company’s stock worth $9,412,000 after purchasing an additional 92,199 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Trading Up 1.0%

NYSE VTS opened at $23.38 on Tuesday. The stock’s 50-day simple moving average is $23.16 and its two-hundred day simple moving average is $23.45. Vitesse Energy has a twelve month low of $18.90 and a twelve month high of $28.41. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $902.80 million, a price-to-earnings ratio of 29.60 and a beta of 0.67.

Vitesse Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, September 15th. Vitesse Energy’s dividend payout ratio is 284.81%.

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.