Wedbush Securities Inc. Buys Shares of 13,164 Vitesse Energy, Inc. $VTS

Wedbush Securities Inc. bought a new position in Vitesse Energy, Inc. (NYSE:VTS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,164 shares of the company’s stock, valued at approximately $291,000.

Several other large investors have also recently added to or reduced their stakes in VTS. Principal Financial Group Inc. increased its position in Vitesse Energy by 5.4% during the first quarter. Principal Financial Group Inc. now owns 9,260 shares of the company’s stock worth $228,000 after buying an additional 476 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Vitesse Energy by 51.7% during the first quarter. Nisa Investment Advisors LLC now owns 24,993 shares of the company’s stock worth $615,000 after purchasing an additional 8,513 shares in the last quarter. Victory Capital Management Inc. increased its position in Vitesse Energy by 19.2% in the first quarter. Victory Capital Management Inc. now owns 20,838 shares of the company’s stock worth $512,000 after purchasing an additional 3,357 shares during the period. one8zero8 LLC lifted its holdings in Vitesse Energy by 1.6% in the first quarter. one8zero8 LLC now owns 135,309 shares of the company’s stock valued at $3,327,000 after buying an additional 2,103 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Vitesse Energy by 38.0% during the first quarter. Harvest Fund Management Co. Ltd now owns 26,840 shares of the company’s stock worth $666,000 after buying an additional 7,389 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Down 2.4%

Vitesse Energy stock opened at $21.10 on Thursday. The company has a fifty day simple moving average of $22.97 and a 200 day simple moving average of $23.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. Vitesse Energy, Inc. has a 1-year low of $18.90 and a 1-year high of $28.41. The company has a market cap of $815.74 million, a P/E ratio of 42.22 and a beta of 0.59.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.13). The firm had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. Research analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Monday, December 15th. Vitesse Energy’s payout ratio is 450.00%.

Analyst Ratings Changes

VTS has been the topic of several research analyst reports. Weiss Ratings downgraded Vitesse Energy from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, November 7th. Evercore ISI lowered their price target 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. Wall Street Zen cut Vitesse Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.