North Star Investment Management Corp. Boosts Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

North Star Investment Management Corp. boosted its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 7.5% during the first quarter, Holdings Channel reports. The firm owned 37,620 shares of the company’s stock after purchasing an additional 2,620 shares during the quarter. North Star Investment Management Corp.’s holdings in Vitesse Energy were worth $925,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Vitesse Energy during the fourth quarter valued at approximately $29,000. KLP Kapitalforvaltning AS bought a new position in Vitesse Energy during the fourth quarter valued at approximately $104,000. GAMMA Investing LLC lifted its position in Vitesse Energy by 2,023.8% during the first quarter. GAMMA Investing LLC now owns 6,074 shares of the company’s stock valued at $149,000 after purchasing an additional 5,788 shares during the period. BNP Paribas Financial Markets bought a new position in Vitesse Energy during the fourth quarter valued at approximately $162,000. Finally, AlphaQuest LLC lifted its position in Vitesse Energy by 415.4% during the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company’s stock valued at $184,000 after purchasing an additional 5,944 shares during the period. Institutional investors own 51.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on VTS shares. Northland Capmk upgraded shares of Vitesse Energy to a “hold” rating in a research report on Tuesday, May 20th. Evercore ISI reiterated an “in-line” rating and issued a $28.00 price target on shares of Vitesse Energy in a research report on Wednesday, March 19th. Northland Securities downgraded shares of Vitesse Energy from an “outperform” rating to a “market perform” rating and set a $19.00 price target on the stock. in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Roth Mkm increased their price target on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.50.

Vitesse Energy Stock Up 0.1%

Shares of VTS stock opened at $24.46 on Monday. The company has a market capitalization of $944.50 million, a price-to-earnings ratio of 16.75 and a beta of 0.63. Vitesse Energy, Inc. has a one year low of $18.90 and a one year high of $28.41. The company’s fifty day moving average price is $21.52 and its 200-day moving average price is $24.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75.

Vitesse Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.25 annualized dividend and a dividend yield of 9.20%. Vitesse Energy’s payout ratio is 284.81%.

About Vitesse Energy

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.