Barclays PLC Increases Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Barclays PLC increased its position 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,528 shares of the company's stock after purchasing an additional 30,243 shares during the period. Barclays PLC owned 0.13% of Vitesse Energy worth $950,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Vitesse Energy by 2,301.8% during the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company's stock worth $33,000 after purchasing an additional 1,312 shares during the last quarter. Quest Partners LLC purchased a new position in Vitesse Energy during the 3rd quarter worth approximately $34,000. nVerses Capital LLC increased its position in Vitesse Energy by 54.5% during the third quarter. nVerses Capital LLC now owns 1,700 shares of the company's stock worth $41,000 after buying an additional 600 shares during the period. Quent Capital LLC lifted its stake in Vitesse Energy by 25.7% in the third quarter. Quent Capital LLC now owns 5,579 shares of the company's stock valued at $134,000 after buying an additional 1,141 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vitesse Energy by 143.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company's stock worth $150,000 after acquiring an additional 3,679 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company's stock.

Vitesse Energy Stock Performance

VTS traded up $0.29 during trading on Wednesday, reaching $27.11. The company's stock had a trading volume of 202,026 shares, compared to its average volume of 195,888. The company has a market capitalization of $800.94 million, a price-to-earnings ratio of 18.57 and a beta of 0.51. The company's fifty day moving average price is $26.60 and its 200-day moving average price is $25.46. Vitesse Energy, Inc. has a 52-week low of $19.63 and a 52-week high of $28.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Vitesse Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend was Monday, December 16th. Vitesse Energy's dividend payout ratio is presently 143.84%.

Analysts Set New Price Targets

Separately, Alliance Global Partners upgraded shares of Vitesse Energy from a "neutral" rating to a "buy" rating and increased their target price for the stock from $26.00 to $29.00 in a research note 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.