Dimensional Fund Advisors LP Has $21.59 Million Stake in Vitesse Energy, Inc. (NYSE:VTS)

Dimensional Fund Advisors LP grew its position in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 18.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 910,824 shares of the company's stock after acquiring an additional 144,166 shares during the period. Dimensional Fund Advisors LP owned 3.09% of Vitesse Energy worth $21,587,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of VTS. nVerses Capital LLC bought a new position in shares of Vitesse Energy in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new position in Vitesse Energy during the 2nd quarter worth $36,000. Security National Bank bought a new position in Vitesse Energy during the 4th quarter worth $37,000. Register Financial Advisors LLC bought a new position in Vitesse Energy during the 1st quarter worth $45,000. Finally, TFO Wealth Partners LLC raised its position in Vitesse Energy by 212,700.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,128 shares of the company's stock worth $47,000 after purchasing an additional 2,127 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Trading Up 0.3 %

Vitesse Energy stock traded up $0.07 during trading hours on Friday, reaching $25.65. 207,504 shares of the company's stock were exchanged, compared to its average volume of 201,202. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm's 50 day simple moving average is $24.59 and its 200 day simple moving average is $24.22. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $26.68. The firm has a market capitalization of $755.39 million, a PE ratio of 30.54 and a beta of 0.23.

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

Vitesse Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.10 dividend on an annualized basis and a yield of 8.19%. Vitesse Energy's payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO Robert W. Gerrity bought 10,000 shares of Vitesse Energy stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the purchase, the chief executive officer now directly owns 495,311 shares in the company, valued at approximately $12,249,041.03. This represents a 0.00 % increase in their position. The purchase was disclosed in a 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 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.