Harbor Capital Advisors Inc. Sells 248,170 Shares of Vitesse Energy, Inc. $VTS

Harbor Capital Advisors Inc. decreased its stake in Vitesse Energy, Inc. (NYSE:VTS) by 64.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 138,645 shares of the company’s stock after selling 248,170 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.36% of Vitesse Energy worth $3,221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of VTS. Sprinkle Financial Consultants LLC purchased a new position in Vitesse Energy during the second quarter worth $281,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Vitesse Energy in the 1st quarter worth about $98,000. American Century Companies Inc. boosted its stake in shares of Vitesse Energy by 20.0% during the 2nd quarter. American Century Companies Inc. now owns 845,848 shares of the company’s stock worth $18,685,000 after purchasing an additional 140,768 shares during the period. Wedbush Securities Inc. bought a new position in Vitesse Energy during the 2nd quarter valued at about $291,000. Finally, First Wilshire Securities Management Inc. raised its position in Vitesse Energy by 539.7% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock worth $4,943,000 after purchasing an additional 188,774 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VTS shares. Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Evercore ISI dropped their price objective on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Vitesse Energy Stock Up 0.2%

Shares of NYSE:VTS opened at $19.24 on Thursday. The business’s 50 day moving average is $21.16 and its 200 day moving average is $23.11. The stock has a market cap of $744.01 million, a P/E ratio of 38.48 and a beta of 0.61. Vitesse Energy, Inc. has a 52-week low of $18.86 and a 52-week high of $27.49. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

Vitesse Energy (NYSE:VTS) last issued its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.13). The firm had revenue of $67.44 million during the quarter, compared to analysts’ expectations of $65.70 million. Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%. Sell-side analysts predict that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 11.7%. The ex-dividend date is Monday, December 15th. Vitesse Energy’s dividend payout ratio is presently 450.00%.

About Vitesse Energy

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.