Swiss National Bank Has $1.38 Million Holdings in Vitesse Energy, Inc. $VTS

Swiss National Bank boosted its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 14.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,244 shares of the company’s stock after buying an additional 7,000 shares during the quarter. Swiss National Bank owned approximately 0.15% of Vitesse Energy worth $1,383,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VTS. GAMMA Investing LLC boosted its stake in Vitesse Energy by 2,023.8% in the first quarter. GAMMA Investing LLC now owns 6,074 shares of the company’s stock valued at $149,000 after buying an additional 5,788 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Vitesse Energy in the fourth quarter valued at about $162,000. GF Fund Management CO. LTD. acquired a new stake in Vitesse Energy in the fourth quarter valued at about $189,000. QRG Capital Management Inc. acquired a new stake in Vitesse Energy in the first quarter valued at about $206,000. Finally, Principal Financial Group Inc. boosted its stake in 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 buying an additional 476 shares in the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Price Performance

Vitesse Energy stock opened at $26.5410 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.02 billion, a PE ratio of 25.04 and a beta of 0.67. Vitesse Energy, Inc. has a 12 month low of $18.90 and a 12 month high of $28.41. The stock has a 50-day moving average price of $24.00 and a two-hundred day moving average price of $23.34.

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

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 8.5%. The ex-dividend date is Monday, September 15th. Vitesse Energy’s dividend payout ratio (DPR) is 212.26%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VTS. Zacks Research raised Vitesse Energy to a “strong-buy” rating in a research note on Friday, August 8th. 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 for the company. 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 report on Tuesday, May 20th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Northland Capmk upgraded Vitesse Energy to a “hold” rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vitesse Energy presently has an average rating of “Moderate Buy” and an average 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.