10,565 Shares in Vitesse Energy, Inc. (NYSE:VTS) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. acquired a new position in shares of Vitesse Energy, Inc. (NYSE:VTS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,565 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Vitesse Energy by 18.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after buying an additional 144,166 shares during the last quarter. LSV Asset Management lifted its position in shares of Vitesse Energy by 2.2% during the 2nd quarter. LSV Asset Management now owns 388,397 shares of the company’s stock worth $9,205,000 after buying an additional 8,185 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Vitesse Energy by 267.2% during the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock worth $6,769,000 after buying an additional 207,831 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Vitesse Energy by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 277,465 shares of the company’s stock worth $6,576,000 after buying an additional 7,513 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Vitesse Energy by 146.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock worth $4,317,000 after buying an additional 106,927 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Robert W. Gerrity bought 10,000 shares of the stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $24.73 per share, with a total value of $247,300.00. Following the acquisition, the chief executive officer now directly owns 495,311 shares in the company, valued at approximately $12,249,041.03. This trade represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.80% of the company’s stock.

Vitesse Energy Price Performance

Shares of VTS opened at $28.08 on Friday. Vitesse Energy, Inc. has a 12-month low of $19.63 and a 12-month high of $28.41. The business has a 50-day simple moving average of $25.94 and a two-hundred day simple moving average of $25.06. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market cap of $829.48 million, a PE ratio of 19.23 and a beta of 0.22.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a yield of 7.48%. Vitesse Energy’s payout ratio is presently 143.84%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners downgraded Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Wednesday, November 6th.

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.