JPMorgan Chase & Co. Acquires 25,482 Shares of Vitesse Energy, Inc. (NYSE:VTS)

JPMorgan Chase & Co. increased its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,243 shares of the company's stock after purchasing an additional 25,482 shares during the period. JPMorgan Chase & Co. owned about 0.90% of Vitesse Energy worth $6,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VTS. Wilmington Savings Fund Society FSB bought a new stake in Vitesse Energy in the third quarter valued at $78,000. R Squared Ltd bought a new stake in Vitesse Energy in the fourth quarter valued at $79,000. KLP Kapitalforvaltning AS bought a new stake in Vitesse Energy in the fourth quarter valued at $104,000. AlphaQuest LLC grew its position in Vitesse Energy by 415.4% in the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock valued at $184,000 after acquiring an additional 5,944 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Vitesse Energy by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 8,784 shares of the company's stock worth $220,000 after purchasing an additional 418 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Trading Up 1.4 %

Shares of VTS traded up $0.29 during trading hours on Wednesday, hitting $21.44. 32,571 shares of the stock traded hands, compared to its average volume of 203,268. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. Vitesse Energy, Inc. has a 1-year low of $18.90 and a 1-year high of $28.41. The firm has a market capitalization of $827.11 million, a PE ratio of 14.68 and a beta of 0.56. The business has a fifty day moving average of $23.60 and a 200-day moving average of $25.33.

Vitesse Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 21st were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 10.49%. The ex-dividend date was Friday, March 21st. This is a positive change from Vitesse Energy's previous quarterly dividend of $0.53. Vitesse Energy's dividend payout ratio is 351.56%.

Analysts Set New Price Targets

VTS has been the topic of a number of recent analyst reports. Evercore ISI reissued an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a research note on Wednesday, March 19th. Roth Mkm boosted their price objective on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Northland Capmk raised Vitesse Energy to a "strong-buy" rating in a research note on Thursday, January 16th. Finally, Northland Securities boosted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vitesse Energy has a consensus rating of "Buy" and an average price target of $30.25.

Vitesse Energy Company 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.