JPMorgan Chase & Co. Boosts Stock Position in Vitesse Energy, Inc. (NYSE:VTS)

JPMorgan Chase & Co. increased its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,761 shares of the company’s stock after purchasing an additional 853 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.82% of Vitesse Energy worth $5,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Vitesse Energy by 18.8% in the second 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 period. Geode Capital Management LLC lifted its stake in shares of Vitesse Energy by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock valued at $13,988,000 after purchasing an additional 9,724 shares during the period. American Century Companies Inc. lifted its stake in shares of Vitesse Energy by 267.2% in the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock valued at $6,769,000 after purchasing an additional 207,831 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Vitesse Energy by 112.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock valued at $5,450,000 after purchasing an additional 119,861 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Vitesse Energy by 146.9% in the third quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock worth $4,317,000 after purchasing an additional 106,927 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Insider Buying and Selling

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of Vitesse Energy stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total value of $217,336.67. Following the completion of the transaction, the chief accounting officer now directly owns 81,615 shares of the company’s stock, valued at approximately $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the completion of the transaction, the vice president now owns 63,411 shares in the company, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by company insiders.

Vitesse Energy Stock Performance

Vitesse Energy stock opened at $27.23 on Friday. The stock’s 50 day moving average is $26.59 and its 200 day moving average is $25.48. The company has a market capitalization of $804.37 million, a P/E ratio of 18.65 and a beta of 0.51. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $28.41. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20.

Vitesse Energy Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.10 annualized dividend and a dividend yield of 7.71%. Vitesse Energy’s payout ratio is presently 143.84%.

Analyst Ratings Changes

Several equities analysts have commented on VTS shares. Northland Securities raised their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday. Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th.

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.