Fmr LLC Sells 1,045 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Fmr LLC decreased its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 42,628 shares of the company’s stock after selling 1,045 shares during the period. Fmr LLC owned approximately 0.14% of Vitesse Energy worth $1,024,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Vitesse Energy in the second quarter valued at about $26,000. International Assets Investment Management LLC raised its position in shares of Vitesse Energy by 2,301.8% in the 3rd 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 during the period. Quest Partners LLC bought a new position in Vitesse Energy during the 3rd quarter worth approximately $34,000. Cullen Frost Bankers Inc. bought a new position in Vitesse Energy during the 2nd quarter worth approximately $36,000. Finally, Quent Capital LLC grew its holdings in Vitesse Energy by 25.7% during the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock valued at $134,000 after purchasing an additional 1,141 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Down 1.4 %

NYSE:VTS opened at $26.23 on Tuesday. Vitesse Energy, Inc. has a 1 year low of $19.63 and a 1 year high of $28.41. The stock has a 50-day moving average price of $26.52 and a two-hundred day moving average price of $25.26. The stock has a market cap of $774.83 million, a price-to-earnings ratio of 17.97 and a beta of 0.35. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.525 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.10 annualized dividend and a dividend yield of 8.01%. Vitesse Energy’s dividend payout ratio is presently 143.84%.

Analysts Set New Price Targets

Separately, Alliance Global Partners lowered shares of Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Wednesday, November 6th.

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.