Heritage Wealth Management Inc. Buys Shares of 20,852 Vitesse Energy, Inc. (NYSE:VTS)

Heritage Wealth Management Inc. bought a new position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,852 shares of the company's stock, valued at approximately $503,000. Heritage Wealth Management Inc. owned approximately 0.07% of Vitesse Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VTS. The Manufacturers Life Insurance Company grew its holdings in Vitesse Energy by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company's stock valued at $230,000 after buying an additional 492 shares in the last quarter. Inlet Private Wealth LLC increased its holdings in Vitesse Energy by 0.9% in 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 during the last quarter. Ancora Advisors LLC lifted its stake in Vitesse Energy by 0.3% in the 1st quarter. Ancora Advisors LLC now owns 177,952 shares of the company's stock worth $4,223,000 after purchasing an additional 578 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vitesse Energy by 6.0% during the 2nd quarter. Principal Financial Group Inc. now owns 11,113 shares of the company's stock valued at $263,000 after purchasing an additional 627 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Vitesse Energy by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,015 shares of the company's stock valued at $547,000 after purchasing an additional 993 shares during the last quarter. Institutional investors own 51.63% of the company's stock.

Analyst Ratings Changes

Separately, Alliance Global Partners dropped their price target on Vitesse Energy from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th.

Insider Buying and Selling at Vitesse Energy

In other news, CEO Robert W. Gerrity purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the acquisition, the chief executive officer now owns 495,311 shares of the company's stock, valued at approximately $12,249,041.03. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.80% of the company's stock.

Vitesse Energy Price Performance

Shares of NYSE VTS traded up $0.81 during mid-day trading on Thursday, hitting $25.58. 273,617 shares of the company's stock traded hands, compared to its average volume of 201,168. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.83. Vitesse Energy, Inc. has a 1 year low of $19.63 and a 1 year high of $26.68. The company's 50-day moving average is $24.59 and its two-hundred day moving average is $24.22. The company has a market capitalization of $753.33 million, a P/E ratio of 30.45 and a beta of 0.24.

Vitesse Energy (NYSE:VTS - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $66.60 million for the quarter, compared to analysts' expectations of $63.89 million. Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. On average, equities analysts anticipate that Vitesse Energy, Inc. will post 1.4 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 8.21%. The ex-dividend date of this dividend was Monday, September 16th. Vitesse Energy's payout ratio is 250.00%.

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.