Russell Investments Group Ltd. Has $2.45 Million Stock Holdings in Vitesse Energy, Inc. $VTS

Russell Investments Group Ltd. boosted its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,591 shares of the company’s stock after buying an additional 8,738 shares during the period. Russell Investments Group Ltd. owned approximately 0.26% of Vitesse Energy worth $2,449,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its holdings in Vitesse Energy by 1.3% during the fourth quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company’s stock worth $10,495,000 after buying an additional 5,296 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $356,000 after purchasing an additional 497 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Vitesse Energy by 5.4% in the first quarter. Principal Financial Group Inc. now owns 9,260 shares of the company’s stock valued at $228,000 after purchasing an additional 476 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Vitesse Energy by 6.7% in the fourth quarter. Northern Trust Corp now owns 228,805 shares of the company’s stock valued at $5,720,000 after purchasing an additional 14,398 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Vitesse Energy in the fourth quarter valued at about $162,000. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Price Performance

VTS opened at $26.5410 on Tuesday. The firm has a market cap of $1.02 billion, a P/E ratio of 25.04 and a beta of 0.67. The firm has a 50-day moving average of $24.00 and a 200 day moving average of $23.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. Vitesse Energy, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $28.41.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.50. The company had revenue of $81.76 million during the quarter, compared to analyst estimates of $69.78 million. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. On average, research analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Monday, September 15th. Vitesse Energy’s dividend payout ratio (DPR) is currently 212.26%.

Wall Street Analyst Weigh In

VTS has been the subject of several analyst reports. Northland Capmk upgraded shares of Vitesse Energy to a “hold” rating in a report on Tuesday, May 20th. Alliance Global Partners initiated coverage on shares of Vitesse Energy in a report on Wednesday, May 14th. They issued a “buy” rating and a $26.00 target price for the company. Northland Securities downgraded shares of Vitesse Energy from an “outperform” rating to a “market perform” rating and set a $19.00 target price for the company. in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Zacks Research upgraded shares of Vitesse Energy to a “strong-buy” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.