CWA Asset Management Group LLC Invests $1.33 Million in Vitesse Energy, Inc. (NYSE:VTS)

CWA Asset Management Group LLC bought a new stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 55,212 shares of the company's stock, valued at approximately $1,326,000. CWA Asset Management Group LLC owned about 0.19% of Vitesse Energy as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of Vitesse Energy by 146.9% during the third quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company's stock worth $4,317,000 after acquiring an additional 106,927 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Vitesse Energy by 4.8% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,058 shares of the company's stock valued at $482,000 after purchasing an additional 921 shares during the last quarter. Mraz Amerine & Associates Inc. grew its holdings in shares of Vitesse Energy by 4.1% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 144,455 shares of the company's stock valued at $3,470,000 after purchasing an additional 5,636 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Vitesse Energy by 2,301.8% in 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. Finally, Sequoia Financial Advisors LLC purchased a new stake in Vitesse Energy during the third quarter valued at about $279,000. Institutional investors own 51.63% of the company's stock.

Vitesse Energy Trading Down 1.3 %

NYSE:VTS traded down $0.36 during mid-day trading on Friday, reaching $27.26. 174,078 shares of the company's stock traded hands, compared to its average volume of 156,148. The company has a 50 day moving average price of $25.00 and a 200-day moving average price of $24.59. The firm has a market capitalization of $805.26 million, a price-to-earnings ratio of 18.67 and a beta of 0.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.83. Vitesse Energy, Inc. has a 12-month low of $19.63 and a 12-month high of $27.85.

Vitesse Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date is Monday, December 16th. Vitesse Energy's payout ratio is 143.84%.

Insider Activity at Vitesse Energy

In related news, CEO Robert W. Gerrity purchased 10,000 shares of Vitesse Energy stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the transaction, the chief executive officer now directly owns 495,311 shares of the company's stock, valued at $12,249,041.03. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Alliance Global Partners downgraded Vitesse Energy from a "buy" rating to a "neutral" rating and set a $26.00 price objective on the stock. in a report on Wednesday.

About Vitesse Energy

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.