Vitesse Energy, Inc. (NYSE:VTS) Stock Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,442 shares of the company’s stock after acquiring an additional 1,566 shares during the quarter. Bank of New York Mellon Corp owned 0.90% of Vitesse Energy worth $6,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC purchased a new stake in shares of Vitesse Energy during the third quarter worth $34,000. Wilmington Savings Fund Society FSB bought a new position in Vitesse Energy during the third quarter valued at about $78,000. R Squared Ltd bought a new position in Vitesse Energy during the fourth quarter valued at about $79,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vitesse Energy by 143.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after buying an additional 3,679 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Vitesse Energy by 5.0% during the fourth quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock valued at $220,000 after buying an additional 418 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Insider Activity

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the sale, the chief accounting officer now owns 81,615 shares in the company, valued at approximately $2,178,304.35. The trade was a 9.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now owns 63,411 shares of the company’s stock, valued at $1,693,073.70. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VTS. Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th. Finally, Northland Securities lifted their target price on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th.

Vitesse Energy Stock Down 1.5 %

NYSE VTS opened at $23.44 on Monday. 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’s 50 day moving average is $25.97 and its two-hundred day moving average is $25.80. The company has a market capitalization of $904.27 million, a price-to-earnings ratio of 16.05 and a beta of 0.53. Vitesse Energy, Inc. has a 1-year low of $21.83 and a 1-year high of $28.41.

Vitesse Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 9.60%. This is an increase from Vitesse Energy’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, March 21st. Vitesse Energy’s payout ratio is presently 351.56%.

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.