American Century Companies Inc. Has $15.35 Million Position in Vitesse Energy, Inc. (NYSE:VTS)

American Century Companies Inc. raised its stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 614,078 shares of the company's stock after purchasing an additional 96,463 shares during the quarter. American Century Companies Inc. owned about 2.08% of Vitesse Energy worth $15,352,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VTS. Inlet Private Wealth LLC lifted its stake in shares of Vitesse Energy by 0.7% in the fourth quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company's stock worth $1,491,000 after acquiring an additional 400 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Vitesse Energy by 5.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company's stock worth $220,000 after purchasing an additional 418 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Vitesse Energy by 1.6% during the fourth quarter. Rhumbline Advisers now owns 41,929 shares of the company's stock worth $1,048,000 after purchasing an additional 660 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 worth $5,807,000 after purchasing an additional 853 shares during the last quarter. Finally, Fort Sheridan Advisors LLC grew its stake in Vitesse Energy by 6.5% in the fourth quarter. Fort Sheridan Advisors LLC now owns 22,708 shares of the company's stock worth $568,000 after purchasing an additional 1,389 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

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Vitesse Energy Trading Down 4.6 %

Shares of NYSE:VTS traded down $1.16 during midday trading on Thursday, reaching $23.98. The company had a trading volume of 419,981 shares, compared to its average volume of 193,286. The company has a fifty day simple moving average of $25.35 and a two-hundred day simple moving average of $25.75. The firm has a market cap of $925.18 million, a price-to-earnings ratio of 16.43 and a beta of 0.53. Vitesse Energy, Inc. has a 1-year low of $21.83 and a 1-year high of $28.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Vitesse Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were issued a dividend of $0.5625 per share. This is a boost from Vitesse Energy's previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a dividend yield of 9.38%. The ex-dividend date of this dividend was Friday, March 21st. Vitesse Energy's dividend payout ratio (DPR) is currently 351.56%.

Analyst Upgrades and Downgrades

VTS has been the topic of a number of research analyst reports. Northland Capmk raised Vitesse Energy to a "strong-buy" rating in a report on Thursday, January 16th. Roth Mkm lifted their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a report on Wednesday. Alliance Global Partners upgraded shares of Vitesse Energy from a "neutral" rating to a "buy" rating and raised their price target for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th. Evercore ISI reaffirmed an "in-line" rating and set a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Finally, 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 note on Thursday, January 16th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $30.25.

Insider Transactions at Vitesse Energy

In related news, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, the chief accounting officer now directly owns 81,615 shares of the company's stock, valued at $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Sabol sold 6,714 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value of $179,263.80. Following the completion of the transaction, the vice president now directly owns 63,411 shares of the company's stock, valued at approximately $1,693,073.70. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. 18.15% of the stock is currently owned by corporate insiders.

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.