Intech Investment Management LLC Boosts Stock Position in Vitesse Energy, Inc. $VTS

Intech Investment Management LLC raised its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 27.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,663 shares of the company’s stock after buying an additional 4,412 shares during the period. Intech Investment Management LLC’s holdings in Vitesse Energy were worth $456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Vitesse Energy by 19.2% in the first quarter. Victory Capital Management Inc. now owns 20,838 shares of the company’s stock worth $512,000 after purchasing an additional 3,357 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Vitesse Energy by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 28,683 shares of the company’s stock valued at $705,000 after buying an additional 516 shares during the period. R Squared Ltd grew its stake in Vitesse Energy by 238.4% in the 1st quarter. R Squared Ltd now owns 10,660 shares of the company’s stock worth $262,000 after acquiring an additional 7,510 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Vitesse Energy by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company’s stock worth $61,856,000 after acquiring an additional 60,476 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Vitesse Energy by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 221,801 shares of the company’s stock valued at $5,454,000 after acquiring an additional 3,883 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Down 0.0%

Shares of NYSE VTS opened at $20.97 on Friday. Vitesse Energy, Inc. has a 12-month low of $18.90 and a 12-month high of $28.35. The stock’s fifty day simple moving average is $22.00 and its two-hundred day simple moving average is $23.21. The stock has a market capitalization of $810.91 million, a PE ratio of 41.94 and a beta of 0.59. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.13). Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%.The company had revenue of $67.44 million for the quarter, compared to analysts’ expectations of $65.70 million. As a group, analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Monday, December 15th. Vitesse Energy’s dividend payout ratio is presently 450.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VTS. Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday. Evercore ISI cut their price target on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vitesse Energy in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.50.

Vitesse Energy 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.