Vanguard Personalized Indexing Management LLC Buys 557 Shares of Vitesse Energy, Inc. $VTS

Vanguard Personalized Indexing Management LLC raised its stake in Vitesse Energy, Inc. (NYSE:VTS) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,522 shares of the company’s stock after purchasing an additional 557 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Vitesse Energy were worth $234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VTS. SouthState Corp bought a new stake in Vitesse Energy in the first quarter valued at $25,000. Parallel Advisors LLC grew its holdings in shares of Vitesse Energy by 74.7% during the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock valued at $29,000 after buying an additional 557 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Vitesse Energy by 415.7% during the second quarter. Signaturefd LLC now owns 2,393 shares of the company’s stock valued at $53,000 after buying an additional 1,929 shares during the last quarter. Strs Ohio acquired a new position in shares of Vitesse Energy during the first quarter valued at about $54,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Vitesse Energy during the first quarter valued at about $98,000. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Stock Up 0.3%

Vitesse Energy stock opened at $21.96 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $847.88 million, a PE ratio of 20.72 and a beta of 0.61. Vitesse Energy, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $28.41. The firm’s 50-day simple moving average is $24.18 and its 200 day simple moving average is $23.17.

Vitesse Energy (NYSE:VTS) last released its earnings results on Monday, August 4th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.50. The firm had revenue of $81.76 million for the quarter, compared to analysts’ expectations of $69.78 million. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. Research analysts predict that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date was Monday, September 15th. Vitesse Energy’s payout ratio is presently 212.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VTS. Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Evercore ISI reduced their price objective on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vitesse Energy in a report on Friday. Finally, Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.50.

Vitesse Energy 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.