Goldman Sachs Group Inc. Buys 9,943 Shares of Vitesse Energy, Inc. $VTS

Goldman Sachs Group Inc. boosted its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,813 shares of the company’s stock after purchasing an additional 9,943 shares during the quarter. Goldman Sachs Group Inc. owned about 0.53% of Vitesse Energy worth $5,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp bought a new stake in Vitesse Energy during the first quarter valued at about $25,000. Strs Ohio bought a new stake in Vitesse Energy during the first quarter valued at about $54,000. Northwestern Mutual Wealth Management Co. bought a new stake in Vitesse Energy during the first quarter valued at about $98,000. GAMMA Investing LLC boosted its position in Vitesse Energy by 2,023.8% during the first quarter. GAMMA Investing LLC now owns 6,074 shares of the company’s stock valued at $149,000 after purchasing an additional 5,788 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Vitesse Energy during the fourth quarter valued at about $162,000. Institutional investors own 51.63% of the company’s stock.

Analyst Upgrades and Downgrades

VTS has been the topic of a number of recent research reports. Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Northland Securities downgraded Vitesse Energy from an “outperform” rating to a “market perform” rating and set a $19.00 price target for the company. in a report on Tuesday, May 20th. Northland Capmk raised Vitesse Energy to a “hold” rating in a report on Tuesday, May 20th. Finally, Zacks Research raised Vitesse Energy to a “strong-buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Vitesse Energy has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Vitesse Energy Stock Up 2.2%

Shares of VTS stock opened at $24.64 on Wednesday. The stock has a 50 day moving average of $24.93 and a 200 day moving average of $23.31. 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 stock has a market cap of $951.35 million, a P/E ratio of 23.25 and a beta of 0.68. Vitesse Energy, Inc. has a twelve month low of $18.90 and a twelve month high of $28.41.

Vitesse Energy (NYSE:VTS) last announced 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 analysts’ expectations of $69.78 million. Vitesse Energy had a return on equity of 7.25% and a net margin of 15.12%. As a group, sell-side analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, September 15th. Vitesse Energy’s dividend payout ratio (DPR) is currently 212.26%.

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.