Geode Capital Management LLC Boosts Stock Position in Vitesse Energy, Inc. (NYSE:VTS)

Geode Capital Management LLC grew its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 1.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 582,234 shares of the company’s stock after buying an additional 9,724 shares during the period. Geode Capital Management LLC’s holdings in Vitesse Energy were worth $13,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VTS. Charles Schwab Investment Management Inc. raised its position in shares of Vitesse Energy by 112.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock worth $5,450,000 after buying an additional 119,861 shares in the last quarter. Heritage Wealth Management Inc. purchased a new stake in shares of Vitesse Energy in the second quarter worth $503,000. Dimensional Fund Advisors LP raised its position in shares of Vitesse Energy by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after buying an additional 144,166 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Vitesse Energy by 146.9% in the third quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock worth $4,317,000 after buying an additional 106,927 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Vitesse Energy by 57.5% in the second quarter. WINTON GROUP Ltd now owns 59,580 shares of the company’s stock worth $1,412,000 after buying an additional 21,754 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy Stock Up 1.8 %

VTS opened at $24.98 on Tuesday. The stock has a market cap of $738.01 million, a PE ratio of 17.11 and a beta of 0.35. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $28.41. The business’s fifty day simple moving average is $26.39 and its 200 day simple moving average is $25.27.

Vitesse Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.525 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a yield of 8.41%. Vitesse Energy’s dividend payout ratio is presently 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.