Security National Bank Has $618,000 Stock Holdings in Vitesse Energy, Inc. $VTS

Security National Bank trimmed its position in Vitesse Energy, Inc. (NYSE:VTS) by 61.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,108 shares of the company’s stock after selling 51,819 shares during the quarter. Security National Bank owned 0.08% of Vitesse Energy worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP acquired a new position in Vitesse Energy in the 4th quarter valued at $245,000. Oxbow Advisors LLC grew its holdings in Vitesse Energy by 51.0% in the 4th quarter. Oxbow Advisors LLC now owns 36,371 shares of the company’s stock valued at $701,000 after buying an additional 12,287 shares in the last quarter. Ethic Inc. grew its holdings in Vitesse Energy by 4.0% in the 4th quarter. Ethic Inc. now owns 60,814 shares of the company’s stock valued at $1,171,000 after buying an additional 2,316 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Vitesse Energy by 2.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 20,776 shares of the company’s stock worth $400,000 after purchasing an additional 530 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of Vitesse Energy by 7.9% during the 4th quarter. North Star Investment Management Corp. now owns 40,810 shares of the company’s stock worth $786,000 after purchasing an additional 3,000 shares in the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Trading Up 1.7%

Shares of Vitesse Energy stock opened at $18.52 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. Vitesse Energy, Inc. has a 12-month low of $17.22 and a 12-month high of $27.15. The company has a market capitalization of $772.30 million, a price-to-earnings ratio of -37.03 and a beta of 0.62. The firm’s 50-day moving average price is $18.64 and its two-hundred day moving average price is $19.96.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.01). Vitesse Energy had a positive return on equity of 3.53% and a negative net margin of 7.15%.The business had revenue of $67.41 million for the quarter, compared to the consensus estimate of $66.71 million. On average, analysts forecast that Vitesse Energy, Inc. will post -0.75 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Monday, June 15th. Vitesse Energy’s dividend payout ratio is currently -350.00%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings lowered Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 7th. Finally, Northland Securities set a $20.00 price objective on shares of Vitesse Energy in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.00.

About Vitesse Energy

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.