Vitesse Energy, Inc. (NYSE:VTS) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 61.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,554 shares of the company's stock after acquiring an additional 110,830 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.98% of Vitesse Energy worth $7,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VTS. Dimensional Fund Advisors LP increased its position in shares of Vitesse Energy by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company's stock worth $21,587,000 after acquiring an additional 144,166 shares during the period. Geode Capital Management LLC boosted its position in shares of Vitesse Energy by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company's stock worth $13,988,000 after purchasing an additional 9,724 shares in the last quarter. LSV Asset Management increased its holdings in shares of Vitesse Energy by 2.2% during the second quarter. LSV Asset Management now owns 388,397 shares of the company's stock valued at $9,205,000 after acquiring an additional 8,185 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Vitesse Energy by 267.2% in the second quarter. American Century Companies Inc. now owns 285,613 shares of the company's stock worth $6,769,000 after buying an additional 207,831 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Vitesse Energy by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 277,465 shares of the company's stock worth $6,576,000 after purchasing an additional 7,513 shares during the period. 51.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners upgraded Vitesse Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th.

Vitesse Energy Stock Performance

Shares of NYSE VTS remained flat at $26.25 during midday trading on Friday. 159,144 shares of the stock were exchanged, compared to its average volume of 205,091. The firm has a fifty day moving average of $26.53 and a 200 day moving average of $25.37. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market cap of $775.53 million, a PE ratio of 17.98 and a beta of 0.51. Vitesse Energy, Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $28.41.

Vitesse Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 8.00%. The ex-dividend date of this dividend was Monday, December 16th. Vitesse Energy's dividend payout ratio (DPR) is 143.84%.

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.