Barclays PLC Buys 30,243 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Barclays PLC increased its position in Vitesse Energy, Inc. (NYSE:VTS) by 325.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,528 shares of the company’s stock after purchasing an additional 30,243 shares during the quarter. Barclays PLC owned approximately 0.13% of Vitesse Energy worth $950,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after purchasing an additional 1,312 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Vitesse Energy during the 3rd quarter worth about $34,000. nVerses Capital LLC increased its stake in shares of Vitesse Energy by 54.5% in the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after acquiring an additional 600 shares during the last quarter. Quent Capital LLC raised its position in shares of Vitesse Energy by 25.7% in the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock valued at $134,000 after acquiring an additional 1,141 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Vitesse Energy by 143.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock worth $150,000 after acquiring an additional 3,679 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Stock Performance

VTS stock opened at $26.77 on Wednesday. Vitesse Energy, Inc. has a 1-year low of $19.63 and a 1-year high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $790.89 million, a PE ratio of 18.34 and a beta of 0.51. The business’s 50-day moving average price is $26.60 and its two-hundred day moving average price is $25.46.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.84%. The ex-dividend date of this dividend was Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is presently 143.84%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $29.00 in a 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.