AQR Capital Management LLC Has $499,000 Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

AQR Capital Management LLC trimmed its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 51.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,054 shares of the company's stock after selling 22,247 shares during the period. AQR Capital Management LLC owned about 0.07% of Vitesse Energy worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Vitesse Energy in the 2nd quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Vitesse Energy during the 2nd quarter worth $36,000. Register Financial Advisors LLC bought a new position in Vitesse Energy in the 1st quarter worth $45,000. Los Angeles Capital Management LLC acquired a new position in Vitesse Energy during the 2nd quarter worth $230,000. Finally, Principal Financial Group Inc. bought a new stake in Vitesse Energy during the first quarter valued at about $249,000. Institutional investors and hedge funds own 51.63% of the company's stock.

Vitesse Energy Price Performance

Shares of NYSE:VTS traded down $0.44 on Tuesday, hitting $24.88. The stock had a trading volume of 132,365 shares, compared to its average volume of 199,443. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $26.68. The company has a market capitalization of $732.84 million, a price-to-earnings ratio of 29.62 and a beta of 0.23. The firm's 50 day moving average price is $24.72 and its 200-day moving average price is $24.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.83.

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 (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Vitesse Energy had a return on equity of 7.94% and a net margin of 10.78%. The company had revenue of $66.60 million for the quarter, compared to analyst estimates of $63.89 million. On average, equities 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors 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 8.44%. The ex-dividend date of this dividend was Monday, September 16th. Vitesse Energy's payout ratio is presently 250.00%.

Insider Activity

In other news, CEO Robert W. Gerrity acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the acquisition, the chief executive officer now owns 495,311 shares in the company, valued at $12,249,041.03. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners reduced their price objective 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.

About Vitesse Energy

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.