Vanguard Personalized Indexing Management LLC Trims Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Vanguard Personalized Indexing Management LLC lessened its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 22.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,516 shares of the company’s stock after selling 2,742 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Vitesse Energy were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. nVerses Capital LLC purchased a new position in shares of Vitesse Energy during the 2nd quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Vitesse Energy during the second quarter worth $36,000. Security National Bank acquired a new stake in shares of Vitesse Energy in the fourth quarter valued at $37,000. Register Financial Advisors LLC purchased a new stake in shares of Vitesse Energy in the 1st quarter valued at $45,000. Finally, TFO Wealth Partners LLC lifted its stake in Vitesse Energy by 212,700.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,128 shares of the company’s stock worth $47,000 after acquiring an additional 2,127 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vitesse Energy

In other news, CEO Robert W. Gerrity bought 10,000 shares of Vitesse Energy stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $24.73 per share, with a total value of $247,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 495,311 shares in the company, valued at $12,249,041.03. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.80% of the company’s stock.

Vitesse Energy Price Performance

Vitesse Energy stock opened at $24.06 on Monday. The company’s 50 day moving average is $24.65 and its two-hundred day moving average is $24.19. The firm has a market cap of $708.69 million, a PE ratio of 28.64 and a beta of 0.24. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. Vitesse Energy, Inc. has a 52-week low of $19.63 and a 52-week high of $26.68.

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 expect that Vitesse Energy, Inc. will post 1.4 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Monday, September 16th. Vitesse Energy’s payout ratio is presently 250.00%.

Wall Street Analyst Weigh In

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

About Vitesse Energy

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.