Victory Capital Management Inc. Buys New Position in Vitesse Energy, Inc. (NYSE:VTS)

Victory Capital Management Inc. bought a new stake in shares of Vitesse Energy, Inc. (NYSE:VTS) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 10,565 shares of the company’s stock, valued at approximately $254,000.

Several other hedge funds also recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in Vitesse Energy by 267.2% during the second quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock worth $6,769,000 after acquiring an additional 207,831 shares during the period. Lee Danner & Bass Inc. bought a new stake in Vitesse Energy during the second quarter worth $3,430,000. Dimensional Fund Advisors LP lifted its holdings in Vitesse Energy by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after acquiring an additional 144,166 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Vitesse Energy by 146.9% during the third quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock worth $4,317,000 after acquiring an additional 106,927 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in Vitesse Energy during the third quarter worth $1,326,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lowered Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Wednesday, November 6th.

Insider Buying and Selling

In other news, CEO Robert W. Gerrity acquired 10,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the acquisition, the chief executive officer now owns 495,311 shares of the company’s stock, valued at $12,249,041.03. This trade represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 15.80% of the stock is owned by company insiders.

Vitesse Energy Stock Performance

NYSE:VTS opened at $28.08 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. Vitesse Energy, Inc. has a 52-week low of $19.63 and a 52-week high of $28.41. The firm has a market cap of $829.48 million, a price-to-earnings ratio of 19.23 and a beta of 0.22. The business’s fifty day moving average is $25.94 and its 200 day moving average is $25.06.

Vitesse Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.48%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s payout ratio is 143.84%.

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.