Principal Financial Group Inc. Decreases Position in Vitesse Energy, Inc. (NYSE:VTS)

Principal Financial Group Inc. lowered its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 24.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,366 shares of the company’s stock after selling 2,747 shares during the quarter. Principal Financial Group Inc.’s holdings in Vitesse Energy were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in Vitesse Energy by 2,301.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after purchasing an additional 1,312 shares during the period. Quest Partners LLC acquired a new stake in Vitesse Energy in the third quarter valued at approximately $34,000. Cullen Frost Bankers Inc. purchased a new position in Vitesse Energy in the second quarter worth approximately $36,000. nVerses Capital LLC grew its holdings in Vitesse Energy by 54.5% during the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock worth $41,000 after acquiring an additional 600 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Vitesse Energy in the 3rd quarter valued at approximately $78,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Trading Up 0.4 %

VTS opened at $25.99 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. Vitesse Energy, Inc. has a one year low of $19.63 and a one year high of $28.41. The company has a market cap of $767.85 million, a P/E ratio of 17.80 and a beta of 0.51. The business’s 50-day simple moving average is $26.42 and its 200-day simple moving average is $25.32.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.525 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.10 annualized dividend and a yield of 8.08%. Vitesse Energy’s dividend payout ratio is currently 143.84%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy 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.