UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $644,000 Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 47.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,822 shares of the company's stock after selling 24,160 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.09% of Vitesse Energy worth $644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTS. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vitesse Energy by 143.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company's stock worth $150,000 after buying an additional 3,679 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Vitesse Energy by 112.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company's stock worth $5,450,000 after acquiring an additional 119,861 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Vitesse Energy during the third quarter worth $34,000. Victory Capital Management Inc. bought a new stake in Vitesse Energy in the 3rd quarter valued at $254,000. Finally, Oxbow Advisors LLC boosted its stake in Vitesse Energy by 5.5% in the 3rd quarter. Oxbow Advisors LLC now owns 26,949 shares of the company's stock worth $647,000 after purchasing an additional 1,412 shares during the period. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Up 0.1 %

Vitesse Energy stock traded up $0.03 during midday trading on Friday, reaching $24.14. The stock had a trading volume of 374,498 shares, compared to its average volume of 192,874. The stock has a market capitalization of $713.19 million, a P/E ratio of 16.53 and a beta of 0.35. The firm's fifty day simple moving average is $26.45 and its 200-day simple moving average is $25.25. 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, Inc. has a 1-year low of $19.63 and a 1-year high of $28.41.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date is Monday, December 16th. Vitesse Energy's dividend payout ratio is presently 143.84%.

Analysts Set New Price Targets

Separately, Alliance Global Partners raised Vitesse Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $26.00 to $29.00 in a research note on Tuesday.

Vitesse Energy Company 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.