Principal Financial Group Inc. Buys 627 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Principal Financial Group Inc. boosted its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,113 shares of the company’s stock after acquiring an additional 627 shares during the period. Principal Financial Group Inc.’s holdings in Vitesse Energy were worth $263,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VTS. Security National Bank purchased a new stake in shares of Vitesse Energy during the fourth quarter worth about $37,000. Register Financial Advisors LLC purchased a new stake in Vitesse Energy during the 1st quarter valued at approximately $45,000. TFO Wealth Partners LLC raised its position in shares of Vitesse Energy by 212,700.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,128 shares of the company’s stock valued at $47,000 after buying an additional 2,127 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Vitesse Energy in the second quarter worth $281,000. Finally, Parsons Capital Management Inc. RI bought a new position in shares of Vitesse Energy during the second quarter worth $296,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Up 1.3 %

NYSE VTS opened at $24.59 on Friday. The stock has a 50 day moving average price of $24.81 and a 200-day moving average price of $24.10. Vitesse Energy, Inc. has a one year low of $19.63 and a one year high of $26.68. The company has a market capitalization of $724.18 million, a P/E ratio of 29.27 and a beta of 0.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.83.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $66.60 million during the quarter, compared to analysts’ expectations of $63.89 million. Vitesse Energy had a return on equity of 7.94% and a net margin of 10.78%. As a group, equities analysts predict that Vitesse Energy, Inc. will post 1.4 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.10 annualized dividend and a yield of 8.54%. Vitesse Energy’s payout ratio is presently 250.00%.

Analyst Ratings Changes

Separately, Alliance Global Partners decreased their price target on shares of Vitesse Energy from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

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.