Ethic Inc. Grows Position in Vitesse Energy, Inc. $VTS

Ethic Inc. raised its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,120 shares of the company’s stock after buying an additional 2,181 shares during the quarter. Ethic Inc. owned about 0.14% of Vitesse Energy worth $1,217,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VTS. Nuveen LLC purchased a new position in Vitesse Energy during the 1st quarter valued at approximately $10,296,000. Millennium Management LLC boosted its holdings in shares of Vitesse Energy by 241.7% in the 1st quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock worth $4,415,000 after purchasing an additional 126,991 shares during the period. American Century Companies Inc. boosted its holdings in shares of Vitesse Energy by 14.8% in the 1st quarter. American Century Companies Inc. now owns 705,080 shares of the company’s stock worth $17,338,000 after purchasing an additional 91,002 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Vitesse Energy by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company’s stock worth $61,856,000 after purchasing an additional 60,476 shares during the period. Finally, AlphaQuest LLC boosted its holdings in shares of Vitesse Energy by 380.6% in the 1st quarter. AlphaQuest LLC now owns 35,447 shares of the company’s stock worth $872,000 after purchasing an additional 28,072 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Trading Up 0.3%

Shares of NYSE VTS opened at $21.96 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $847.96 million, a P/E ratio of 20.72 and a beta of 0.61. Vitesse Energy, Inc. has a 1-year low of $18.90 and a 1-year high of $28.41. The business has a fifty day moving average price of $24.18 and a 200 day moving average price of $23.18.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.50. The firm had revenue of $81.76 million during the quarter, compared to analysts’ expectations of $69.78 million. Vitesse Energy had a return on equity of 7.25% and a net margin of 15.12%. Equities research analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date was Monday, September 15th. Vitesse Energy’s dividend payout ratio is 212.26%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VTS shares. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Evercore ISI lowered their target price 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vitesse Energy in a report on Friday. Finally, Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Vitesse Energy has a consensus rating of “Hold” and an average target price of $24.50.

Vitesse Energy Company 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.