Vitesse Energy, Inc. (NYSE:VTS) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 325.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,528 shares of the company's stock after purchasing an additional 30,243 shares during the quarter. Barclays PLC owned about 0.13% of Vitesse Energy worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. nVerses Capital LLC acquired a new position in shares of Vitesse Energy in the second quarter worth $26,000. International Assets Investment Management LLC grew its holdings in Vitesse Energy by 2,301.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,369 shares of the company's stock worth $33,000 after acquiring an additional 1,312 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Vitesse Energy in the 3rd quarter valued at approximately $34,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Vitesse Energy in the 2nd quarter valued at $36,000. Finally, Quent Capital LLC lifted its position in shares of Vitesse Energy by 25.7% during the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company's stock worth $134,000 after purchasing an additional 1,141 shares during the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Stock Up 0.1 %

VTS stock traded up $0.02 during trading on Tuesday, hitting $25.00. 320,442 shares of the company's stock were exchanged, compared to its average volume of 192,561. The business has a 50-day moving average price of $26.39 and a two-hundred day moving average price of $25.28. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $738.60 million, a price-to-earnings ratio of 17.12 and a beta of 0.35. Vitesse Energy, Inc. has a 52-week low of $19.63 and a 52-week high of $28.41.

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, December 16th. This represents a $2.10 annualized dividend and a dividend yield of 8.40%. Vitesse Energy's dividend payout ratio is presently 143.84%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners raised Vitesse Energy from a "neutral" rating to a "buy" rating and increased their target price for the company from $26.00 to $29.00 in a report on Tuesday, December 17th.

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.