Vitesse Energy, Inc. (NYSE:VTS) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 146.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 179,724 shares of the company's stock after purchasing an additional 106,927 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.61% of Vitesse Energy worth $4,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Vitesse Energy by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company's stock worth $21,587,000 after buying an additional 144,166 shares in the last quarter. LSV Asset Management increased its holdings in Vitesse Energy by 2.2% during the 2nd quarter. LSV Asset Management now owns 388,397 shares of the company's stock worth $9,205,000 after purchasing an additional 8,185 shares during the period. Cove Street Capital LLC increased its holdings in Vitesse Energy by 26.3% during the 1st quarter. Cove Street Capital LLC now owns 351,365 shares of the company's stock worth $8,338,000 after purchasing an additional 73,102 shares during the period. American Century Companies Inc. increased its holdings in shares of Vitesse Energy by 267.2% in the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company's stock valued at $6,769,000 after acquiring an additional 207,831 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Vitesse Energy by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 277,465 shares of the company's stock valued at $6,576,000 after acquiring an additional 7,513 shares during the period. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Trading Up 1.6 %

NYSE:VTS traded up $0.40 during trading hours on Monday, reaching $25.10. 145,232 shares of the stock were exchanged, compared to its average volume of 194,546. 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 business has a 50-day moving average of $24.89 and a two-hundred day moving average of $24.47. 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 $739.32 million, a price-to-earnings ratio of 28.07 and a beta of 0.22.

Vitesse Energy (NYSE:VTS - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $66.60 million during 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 predict that Vitesse Energy, Inc. will post 1.4 EPS for the current year.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 8.37%. The ex-dividend date is Monday, December 16th. Vitesse Energy's payout ratio is 238.64%.

Insiders Place Their Bets

In other news, CEO Robert W. Gerrity acquired 10,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were bought at an average price of $24.73 per share, with a total value 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 trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.80% of the company's stock.

Analyst Upgrades and Downgrades

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

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.