Vitesse Energy, Inc. (NYSE:VTS) Shares Sold by Kestrel Investment Management Corp

Kestrel Investment Management Corp cut its position in Vitesse Energy, Inc. (NYSE:VTS) by 16.7% in the fourth quarter, Holdings Channel reports. The firm owned 134,350 shares of the company’s stock after selling 26,900 shares during the period. Vitesse Energy accounts for approximately 2.0% of Kestrel Investment Management Corp’s holdings, making the stock its 27th biggest position. Kestrel Investment Management Corp’s holdings in Vitesse Energy were worth $2,941,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Vitesse Energy by 2,089.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,248 shares of the company’s stock worth $27,000 after acquiring an additional 1,191 shares during the period. US Bancorp DE acquired a new stake in Vitesse Energy during the 2nd quarter worth approximately $35,000. Ameritas Investment Partners Inc. acquired a new stake in Vitesse Energy during the 2nd quarter worth approximately $46,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Vitesse Energy during the 2nd quarter worth approximately $80,000. Finally, Quent Capital LLC lifted its position in Vitesse Energy by 41.6% during the 4th quarter. Quent Capital LLC now owns 4,378 shares of the company’s stock worth $96,000 after acquiring an additional 1,286 shares during the period. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Stock Performance

Vitesse Energy stock traded up $0.18 during mid-day trading on Friday, reaching $23.00. 185,695 shares of the company were exchanged, compared to its average volume of 229,591. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50-day simple moving average is $22.92 and its two-hundred day simple moving average is $22.59. The firm has a market cap of $677.35 million, a PE ratio of -30.38 and a beta of -0.09. Vitesse Energy, Inc. has a twelve month low of $16.83 and a twelve month high of $27.39.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). Vitesse Energy had a negative net margin of 9.22% and a negative return on equity of 2.89%. The business had revenue of $69.30 million during the quarter, compared to analysts’ expectations of $63.83 million. Equities analysts predict that Vitesse Energy, Inc. will post 1.27 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.50 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.70%. Vitesse Energy’s dividend payout ratio (DPR) is presently -263.16%.

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.