American Century Companies Inc. Raises Holdings in Vitesse Energy, Inc. $VTS

American Century Companies Inc. raised its position in Vitesse Energy, Inc. (NYSE:VTS) by 12.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 954,590 shares of the company’s stock after purchasing an additional 108,742 shares during the period. American Century Companies Inc. owned 2.47% of Vitesse Energy worth $22,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Wilshire Securities Management Inc. grew its holdings in shares of Vitesse Energy by 539.7% during the second quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock worth $4,943,000 after buying an additional 188,774 shares in the last quarter. Millennium Management LLC lifted its stake in shares of 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 buying an additional 126,991 shares in the last quarter. Invesco Ltd. boosted its position in Vitesse Energy by 113.2% during the second quarter. Invesco Ltd. now owns 149,470 shares of the company’s stock worth $3,302,000 after acquiring an additional 79,373 shares during the last quarter. Geode Capital Management LLC boosted its position in Vitesse Energy by 9.5% during the second quarter. Geode Capital Management LLC now owns 695,919 shares of the company’s stock worth $15,376,000 after acquiring an additional 60,229 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Vitesse Energy by 59.3% during the 2nd quarter. Bank of America Corp DE now owns 122,325 shares of the company’s stock valued at $2,702,000 after acquiring an additional 45,558 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Trading Up 1.4%

Shares of Vitesse Energy stock opened at $19.81 on Tuesday. Vitesse Energy, Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $27.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $787.84 million, a price-to-earnings ratio of 31.44 and a beta of 0.68. The stock has a 50 day moving average of $20.39 and a 200 day moving average of $21.77.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.12). The business had revenue of $58.62 million during the quarter, compared to analyst estimates of $67.10 million. Vitesse Energy had a net margin of 9.23% and a return on equity of 4.38%. As a group, research analysts predict that Vitesse Energy, Inc. will post 1.05 earnings per share for the current year.

Vitesse Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.4375 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.75 dividend on an annualized basis and a yield of 8.8%. Vitesse Energy’s dividend payout ratio is presently 357.14%.

Insiders Place Their Bets

In other Vitesse Energy news, President Brian Cree sold 43,216 shares of Vitesse Energy stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.12, for a total transaction of $869,505.92. Following the completion of the sale, the president directly owned 519,679 shares in the company, valued at $10,455,941.48. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mike Morella sold 5,202 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.13, for a total transaction of $104,716.26. Following the completion of the sale, the chief accounting officer directly owned 82,413 shares in the company, valued at $1,658,973.69. This trade represents a 5.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 341,808 shares of company stock valued at $6,758,540 over the last 90 days. 18.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VTS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Wall Street Zen cut Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.50.

About Vitesse Energy

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.