Charles Schwab Investment Management Inc. grew its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 112.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,909 shares of the company's stock after buying an additional 119,861 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.77% of Vitesse Energy worth $5,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Vitesse Energy in the 2nd quarter worth $1,287,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Vitesse Energy in the 2nd quarter valued at $281,000. Nisa Investment Advisors LLC increased its position in shares of Vitesse Energy by 103.4% in the second quarter. Nisa Investment Advisors LLC now owns 17,414 shares of the company's stock valued at $413,000 after buying an additional 8,853 shares in the last quarter. Parsons Capital Management Inc. RI purchased a new stake in Vitesse Energy during the 2nd quarter worth approximately $296,000. Finally, Inlet Private Wealth LLC grew its stake in Vitesse Energy by 0.9% during the 2nd quarter. Inlet Private Wealth LLC now owns 56,251 shares of the company's stock valued at $1,333,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners cut Vitesse Energy from a "buy" rating to a "neutral" rating and set a $26.00 target price for the company. in a report on Wednesday, November 6th.
Check Out Our Latest Research Report on Vitesse Energy
Vitesse Energy Price Performance
VTS stock traded down $0.38 during midday trading on Friday, hitting $27.08. 118,495 shares of the stock were exchanged, compared to its average volume of 189,004. The stock has a market cap of $799.94 million, a price-to-earnings ratio of 18.60 and a beta of 0.35. 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, Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $28.41. The stock's 50-day moving average price is $26.49 and its 200-day moving average price is $25.23.
Vitesse Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date is Monday, December 16th. Vitesse Energy's dividend payout ratio is presently 143.84%.
Vitesse Energy Company Profile
(
Free Report)
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.
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