Marshall Wace LLP Lowers Stock Position in Vitesse Energy, Inc. (NYSE:VTS)

Marshall Wace LLP trimmed its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,181 shares of the company’s stock after selling 3,016 shares during the period. Marshall Wace LLP owned about 0.07% of Vitesse Energy worth $478,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Inlet Private Wealth LLC raised its position in Vitesse Energy by 0.9% in the second quarter. Inlet Private Wealth LLC now owns 56,251 shares of the company’s stock worth $1,333,000 after acquiring an additional 500 shares in the last quarter. Ancora Advisors LLC lifted its stake in shares of Vitesse Energy by 0.3% in the first quarter. Ancora Advisors LLC now owns 177,952 shares of the company’s stock valued at $4,223,000 after purchasing an additional 578 shares during the period. Principal Financial Group Inc. boosted its holdings in Vitesse Energy by 6.0% during the second quarter. Principal Financial Group Inc. now owns 11,113 shares of the company’s stock worth $263,000 after buying an additional 627 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Vitesse Energy by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,015 shares of the company’s stock worth $547,000 after buying an additional 993 shares during the period. Finally, nVerses Capital LLC purchased a new position in Vitesse Energy in the second quarter valued at about $26,000. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Stock Down 0.4 %

Shares of NYSE:VTS opened at $25.47 on Thursday. The firm has a market cap of $750.09 million, a price-to-earnings ratio of 30.32 and a beta of 0.23. Vitesse Energy, Inc. has a 12-month low of $19.63 and a 12-month high of $26.68. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average price is $24.61 and its two-hundred day moving average price is $24.26.

Vitesse Energy (NYSE:VTS) last released its earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. The company had revenue of $66.60 million during the quarter, compared to analysts’ expectations of $63.89 million. On average, research analysts forecast that Vitesse Energy, Inc. will post 1.4 EPS for the current year.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.24%. Vitesse Energy’s dividend payout ratio (DPR) is currently 250.00%.

Insider Activity at Vitesse Energy

In other news, CEO Robert W. Gerrity bought 10,000 shares of Vitesse Energy stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $24.73 per share, with a total value of $247,300.00. Following the completion of the transaction, the chief executive officer now owns 495,311 shares in the company, valued at approximately $12,249,041.03. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners decreased their price target on Vitesse Energy from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

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.