LSV Asset Management Cuts Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

LSV Asset Management cut its stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 39.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,797 shares of the company's stock after selling 142,417 shares during the quarter. LSV Asset Management owned 0.74% of Vitesse Energy worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VTS. Harbor Capital Advisors Inc. grew its stake in shares of Vitesse Energy by 61.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company's stock worth $7,264,000 after buying an additional 110,830 shares during the last quarter. Barclays PLC grew its position in Vitesse Energy by 325.7% during the 3rd quarter. Barclays PLC now owns 39,528 shares of the company's stock worth $950,000 after acquiring an additional 30,243 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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. Victory Capital Management Inc. raised its position in Vitesse Energy by 65.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock valued at $437,000 after purchasing an additional 6,916 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Vitesse Energy by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company's stock valued at $5,807,000 after purchasing an additional 853 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Northland Capmk raised Vitesse Energy to a "strong-buy" rating in a report on Thursday, January 16th. Northland Securities increased their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an "outperform" rating in a research report on Thursday, January 16th. Finally, Evercore ISI reiterated an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $30.25.

Vitesse Energy Stock Up 2.3 %

Shares of Vitesse Energy stock traded up $0.48 during trading on Friday, reaching $21.08. 227,725 shares of the company traded hands, compared to its average volume of 203,202. Vitesse Energy, Inc. has a 1-year low of $18.90 and a 1-year high of $28.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $813.22 million, a PE ratio of 14.44 and a beta of 0.56. The company has a 50 day moving average price of $23.92 and a 200-day moving average price of $25.42.

Vitesse Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 21st were paid a $0.5625 dividend. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from Vitesse Energy's previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a dividend yield of 10.67%. Vitesse Energy's dividend payout ratio (DPR) is currently 351.56%.

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.