Lee Danner & Bass Inc. Has $6.29 Million Stock Position in Vitesse Energy, Inc. $VTS

Lee Danner & Bass Inc. increased its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS) by 48.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 346,470 shares of the company’s stock after purchasing an additional 113,000 shares during the period. Lee Danner & Bass Inc. owned 0.83% of Vitesse Energy worth $6,292,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Strs Ohio bought a new stake in Vitesse Energy in the first quarter valued at approximately $54,000. Osaic Holdings Inc. increased its holdings in shares of Vitesse Energy by 43.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,529 shares of the company’s stock worth $78,000 after acquiring an additional 1,069 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Vitesse Energy by 179.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company’s stock worth $84,000 after acquiring an additional 2,432 shares during the last quarter. Daytona Street Capital LLC bought a new stake in Vitesse Energy in the 4th quarter valued at $154,000. Finally, Cove Street Capital LLC raised its stake in Vitesse Energy by 50.8% in the 3rd quarter. Cove Street Capital LLC now owns 8,900 shares of the company’s stock valued at $207,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Performance

VTS opened at $15.49 on Friday. The business has a fifty day simple moving average of $17.38 and a 200 day simple moving average of $18.89. The company has a market capitalization of $646.30 million, a PE ratio of -30.99 and a beta of 0.57. Vitesse Energy, Inc. has a 1 year low of $15.42 and a 1 year high of $27.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

Vitesse Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.4375 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 11.3%. Vitesse Energy’s dividend payout ratio (DPR) is currently -350.00%.

Wall Street Analyst Weigh In

VTS has been the subject of a number of research analyst reports. Northland Securities set a $20.00 price objective on shares of Vitesse Energy in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 7th. Finally, Zacks Research downgraded shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $20.00.

Insider Activity

In other Vitesse Energy news, Director Joseph S. Steinberg bought 40,882 shares of Vitesse Energy stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $16.16 per share, with a total value of $660,653.12. Following the completion of the transaction, the director owned 108,500 shares in the company, valued at $1,753,360. The trade was a 60.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.94% of the company’s stock.

Vitesse Energy Company Profile

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.