Vanguard Group Inc. Sells 39,659 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Vanguard Group Inc. cut its holdings in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,455,003 shares of the company's stock after selling 39,659 shares during the period. Vanguard Group Inc. owned approximately 8.31% of Vitesse Energy worth $61,375,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company's stock worth $7,264,000 after acquiring an additional 110,830 shares during the last quarter. Barclays PLC increased its stake in shares of Vitesse Energy by 325.7% in the third quarter. Barclays PLC now owns 39,528 shares of the company's stock worth $950,000 after buying an additional 30,243 shares during the period. Geode Capital Management LLC raised its holdings in Vitesse Energy by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company's stock valued at $13,988,000 after buying an additional 9,724 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Vitesse Energy by 112.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company's stock valued at $5,450,000 after buying an additional 119,861 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Vitesse Energy by 65.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock valued at $437,000 after acquiring an additional 6,916 shares during the period. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Stock Up 1.4 %

Shares of Vitesse Energy stock traded up $0.29 during trading on Thursday, hitting $20.89. The company's stock had a trading volume of 40,702 shares, compared to its average volume of 264,316. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week 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. The company has a fifty day simple moving average of $24.03 and a two-hundred day simple moving average of $25.44. The company has a market capitalization of $806.01 million, a PE ratio of 14.30 and a beta of 0.56.

Vitesse Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date of this dividend was Friday, March 21st. This is a positive change from Vitesse Energy's previous quarterly dividend of $0.53. Vitesse Energy's dividend payout ratio (DPR) is 351.56%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Northland Capmk raised Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th. Northland Securities lifted their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Roth Mkm upped 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, April 2nd. Finally, Evercore ISI reiterated an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a research report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $30.25.

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.