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

Ethic Inc. raised its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 54,120 shares of the company’s stock after acquiring an additional 2,181 shares during the quarter. Ethic Inc.’s holdings in Vitesse Energy were worth $1,217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sprinkle Financial Consultants LLC purchased a new stake in Vitesse Energy in the second quarter valued at about $281,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Vitesse Energy in the first quarter valued at about $98,000. Principal Financial Group Inc. raised its stake in Vitesse Energy by 5.4% in the first quarter. Principal Financial Group Inc. now owns 9,260 shares of the company’s stock valued at $228,000 after buying an additional 476 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Vitesse Energy by 9.6% in the first quarter. Russell Investments Group Ltd. now owns 99,591 shares of the company’s stock valued at $2,449,000 after purchasing an additional 8,738 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Vitesse Energy by 2.5% in the first quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company’s stock valued at $61,856,000 after purchasing an additional 60,476 shares during the period. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on VTS shares. Evercore ISI cut their price objective on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vitesse Energy in a report on Friday. Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.50.

Vitesse Energy Stock Up 0.3%

Vitesse Energy stock opened at $21.96 on Monday. The firm has a market cap of $847.96 million, a price-to-earnings ratio of 20.72 and a beta of 0.61. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41. The business’s 50-day moving average price is $24.18 and its 200 day moving average price is $23.18. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16.

Vitesse Energy (NYSE:VTS) last posted its earnings results on Monday, August 4th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.10 by $0.50. The firm had revenue of $81.76 million for the quarter, compared to analyst estimates of $69.78 million. Vitesse Energy had a return on equity of 7.25% and a net margin of 15.12%. As a group, sell-side analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current year.

Vitesse Energy Dividend Announcement

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

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.