Vitesse Energy, Inc. (NYSE:VTS) Position Raised by Jane Street Group LLC

Jane Street Group LLC grew its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,768 shares of the company’s stock after acquiring an additional 5,777 shares during the quarter. Jane Street Group LLC owned about 0.17% of Vitesse Energy worth $1,219,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. nVerses Capital LLC acquired a new position in Vitesse Energy during the 2nd quarter valued at about $26,000. International Assets Investment Management LLC increased its stake 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 during the period. Quest Partners LLC acquired a new stake in Vitesse Energy in the third quarter worth approximately $34,000. Cullen Frost Bankers Inc. bought a new position in Vitesse Energy during the 2nd quarter valued at $36,000. Finally, Quent Capital LLC increased its position in shares of Vitesse Energy by 25.7% during the 3rd 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 own 51.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy Price Performance

NYSE VTS opened at $24.53 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $724.71 million, a PE ratio of 16.80 and a beta of 0.35. Vitesse Energy, Inc. has a 12-month low of $19.63 and a 12-month high of $28.41. The company has a 50 day moving average price of $26.39 and a two-hundred day moving average price of $25.26.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 annualized dividend and a yield of 8.56%. Vitesse Energy’s dividend payout ratio (DPR) is currently 143.84%.

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.