Geode Capital Management LLC Buys 9,724 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Geode Capital Management LLC grew its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 1.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 582,234 shares of the company’s stock after purchasing an additional 9,724 shares during the period. Geode Capital Management LLC owned about 1.97% of Vitesse Energy worth $13,988,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Vitesse Energy by 325.7% in the third quarter. Barclays PLC now owns 39,528 shares of the company’s stock valued at $950,000 after acquiring an additional 30,243 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Vitesse Energy by 12.8% in the third quarter. Jane Street Group LLC now owns 50,768 shares of the company’s stock valued at $1,219,000 after acquiring an additional 5,777 shares in the last quarter. Paradigm Capital Management LLC NV bought a new position in shares of Vitesse Energy in the third quarter valued at approximately $373,000. Verition Fund Management LLC bought a new position in shares of Vitesse Energy in the third quarter valued at approximately $288,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vitesse Energy by 143.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after purchasing an additional 3,679 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Price Performance

Vitesse Energy stock opened at $24.98 on Tuesday. Vitesse Energy, Inc. has a 12 month low of $19.63 and a 12 month high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $26.39 and its 200 day simple moving average is $25.27. The company has a market cap of $738.01 million, a price-to-earnings ratio of 17.11 and a beta of 0.35.

Vitesse Energy Dividend Announcement

The company also recently disclosed 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 is Monday, December 16th. This represents a $2.10 annualized dividend and a yield of 8.41%. Vitesse Energy’s payout ratio is 143.84%.

Analyst Ratings Changes

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

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.