Vitesse Energy, Inc. $VTS Shares Newly Bought by State of Wyoming

State of Wyoming acquired a new position in Vitesse Energy, Inc. (NYSE:VTS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 43,390 shares of the company’s stock, valued at approximately $725,000. State of Wyoming owned about 0.10% of Vitesse Energy as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in Vitesse Energy by 162.3% in the first quarter. Bank of America Corp DE now owns 140,256 shares of the company’s stock valued at $2,547,000 after acquiring an additional 86,777 shares in the last quarter. Norris Financial Group LLC acquired a new position in shares of Vitesse Energy during the first quarter worth $1,394,000. Gabelli Funds LLC increased its position in shares of Vitesse Energy by 58.6% during the first quarter. Gabelli Funds LLC now owns 274,804 shares of the company’s stock worth $4,990,000 after purchasing an additional 101,506 shares in the last quarter. Corient Private Wealth LP acquired a new position in shares of Vitesse Energy during the second quarter worth $928,000. Finally, First Trust Advisors LP lifted its holdings in shares of Vitesse Energy by 33.9% during the 1st quarter. First Trust Advisors LP now owns 337,885 shares of the company’s stock valued at $6,136,000 after purchasing an additional 85,637 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Up 0.4%

VTS stock opened at $18.37 on Friday. The stock has a market capitalization of $773.38 million, a PE ratio of -55.67 and a beta of 0.60. Vitesse Energy, Inc. has a 52 week low of $15.00 and a 52 week high of $22.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $17.56 and a 200 day moving average of $18.00.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.5%. Vitesse Energy’s dividend payout ratio (DPR) is currently -530.30%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings cut Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Alliance Global Partners restated a “buy” rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Northland Securities set a $20.50 target price on Vitesse Energy in a research report on Thursday, September 17th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Citigroup reiterated an “outperform” rating on shares of Vitesse Energy in a research note on Thursday, September 17th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.50.

Vitesse Energy Profile

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.