Vitesse Energy, Inc. (NYSE:VTS) Shares Acquired by nVerses Capital LLC

nVerses Capital LLC lifted its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 54.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,700 shares of the company’s stock after purchasing an additional 600 shares during the period. nVerses Capital LLC’s holdings in Vitesse Energy were worth $41,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Vitesse Energy by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after buying an additional 144,166 shares during the period. LSV Asset Management raised its stake in shares of Vitesse Energy by 2.2% in the second quarter. LSV Asset Management now owns 388,397 shares of the company’s stock valued at $9,205,000 after acquiring an additional 8,185 shares in the last quarter. Cove Street Capital LLC boosted its holdings in Vitesse Energy by 26.3% in the first quarter. Cove Street Capital LLC now owns 351,365 shares of the company’s stock valued at $8,338,000 after purchasing an additional 73,102 shares during the period. American Century Companies Inc. grew its stake in 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 purchasing an additional 207,831 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in 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 purchasing an additional 7,513 shares during the period. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Trading Up 0.0 %

NYSE VTS opened at $24.91 on Wednesday. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $26.68. The firm has a 50 day moving average of $24.87 and a two-hundred day moving average of $24.39. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $733.60 million, a PE ratio of 28.31 and a beta of 0.23.

Vitesse Energy (NYSE:VTS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $66.60 million for 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, research analysts expect that Vitesse Energy, Inc. will post 1.4 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.43%. Vitesse Energy’s payout ratio is currently 238.64%.

Insider Activity

In other Vitesse Energy news, CEO Robert W. Gerrity bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the purchase, the chief executive officer now directly owns 495,311 shares in the company, valued at $12,249,041.03. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vitesse Energy Company 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.