State Street Corp Lowers Position in Vitesse Energy, Inc. (NYSE:VTS)

State Street Corp lessened its stake in Vitesse Energy, Inc. (NYSE:VTS) by 2.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 738,601 shares of the company’s stock after selling 21,383 shares during the period. State Street Corp owned about 2.50% of Vitesse Energy worth $17,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Vitesse Energy by 267.2% during the second quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock worth $6,769,000 after acquiring an additional 207,831 shares during the period. Lee Danner & Bass Inc. acquired a new stake in Vitesse Energy during the second quarter worth approximately $3,430,000. Dimensional Fund Advisors LP lifted its position in Vitesse Energy by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after acquiring an additional 144,166 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vitesse Energy by 112.0% in the 3rd 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 during the last quarter. Finally, Harbor Capital Advisors Inc. lifted 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 valued at $4,317,000 after buying an additional 106,927 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Trading Up 0.9 %

NYSE VTS opened at $24.36 on Tuesday. Vitesse Energy, Inc. has a 52-week low of $19.63 and a 52-week high of $28.41. The firm has a 50-day moving average price of $26.43 and a 200 day moving average price of $25.26. The stock has a market capitalization of $719.69 million, a P/E ratio of 16.68 and a beta of 0.35. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid 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 8.62%. Vitesse Energy’s dividend payout ratio (DPR) is presently 143.84%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and upped their target price for the company 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.