Principal Financial Group Inc. Has $201,000 Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Principal Financial Group Inc. reduced its stake in Vitesse Energy, Inc. (NYSE:VTS) by 24.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,366 shares of the company’s stock after selling 2,747 shares during the period. Principal Financial Group Inc.’s holdings in Vitesse Energy were worth $201,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its position in Vitesse Energy by 146.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock valued at $4,317,000 after buying an additional 106,927 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Vitesse Energy by 4.8% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,058 shares of the company’s stock valued at $482,000 after acquiring an additional 921 shares during the period. Mraz Amerine & Associates Inc. grew its stake in Vitesse Energy by 4.1% in the third quarter. Mraz Amerine & Associates Inc. now owns 144,455 shares of the company’s stock valued at $3,470,000 after acquiring an additional 5,636 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Vitesse Energy by 2,301.8% during the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after acquiring an additional 1,312 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Vitesse Energy during the third quarter worth approximately $279,000. Institutional investors and hedge funds own 51.63% of the company’s stock.

Insider Activity at Vitesse Energy

In other news, CEO Robert W. Gerrity purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $24.73 per share, with a total value of $247,300.00. Following the completion of the transaction, the chief executive officer now directly owns 495,311 shares of the company’s stock, valued at approximately $12,249,041.03. This trade represents a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.80% of the stock is owned by insiders.

Vitesse Energy Trading Down 0.1 %

VTS opened at $28.12 on Tuesday. Vitesse Energy, Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $28.41. The firm has a market capitalization of $830.66 million, a PE ratio of 19.26 and a beta of 0.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The company’s 50-day moving average is $25.68 and its 200 day moving average is $24.95.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 7.47%. Vitesse Energy’s dividend payout ratio is presently 143.84%.

Analyst Ratings Changes

Separately, Alliance Global Partners lowered shares of Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note 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.