Barclays PLC Boosts Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Barclays PLC raised its position in Vitesse Energy, Inc. (NYSE:VTS) by 325.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,528 shares of the company’s stock after acquiring an additional 30,243 shares during the quarter. Barclays PLC owned approximately 0.13% of Vitesse Energy worth $950,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in Vitesse Energy in the 2nd quarter valued at $26,000. International Assets Investment Management LLC lifted its holdings in 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 purchasing an additional 1,312 shares in the last quarter. Quest Partners LLC purchased a new position in Vitesse Energy in the 3rd quarter valued at about $34,000. Cullen Frost Bankers Inc. acquired a new position in shares of Vitesse Energy during the 2nd quarter valued at about $36,000. Finally, Quent Capital LLC increased its stake 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 acquiring an additional 1,141 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Performance

Vitesse Energy stock opened at $24.98 on Tuesday. 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 stock has a market cap of $738.01 million, a P/E ratio of 17.11 and a beta of 0.35. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $28.41. The stock has a 50 day moving average of $26.39 and a 200-day moving average of $25.27.

Vitesse Energy Announces Dividend

The company 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 dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s payout ratio is currently 143.84%.

Analyst Upgrades and Downgrades

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

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.