Vitesse Energy, Inc. $VTS Shares Purchased by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. grew its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 539.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 223,754 shares of the company’s stock after buying an additional 188,774 shares during the period. Vitesse Energy accounts for 1.3% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 24th biggest position. First Wilshire Securities Management Inc. owned approximately 0.58% of Vitesse Energy worth $4,943,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SouthState Corp acquired a new stake in shares of Vitesse Energy during the first quarter valued at $25,000. Parallel Advisors LLC lifted its holdings in Vitesse Energy by 74.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock valued at $29,000 after purchasing an additional 557 shares in the last quarter. CWM LLC lifted its holdings in Vitesse Energy by 138.8% in the 2nd quarter. CWM LLC now owns 1,827 shares of the company’s stock valued at $40,000 after purchasing an additional 1,062 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Vitesse Energy by 415.7% during the 2nd quarter. Signaturefd LLC now owns 2,393 shares of the company’s stock worth $53,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Vitesse Energy during the first quarter worth about $54,000. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Price Performance

VTS opened at $21.54 on Monday. Vitesse Energy, Inc. has a 1 year low of $18.90 and a 1 year high of $27.89. The company’s 50 day simple moving average is $21.78 and its 200 day simple moving average is $23.20. The stock has a market capitalization of $832.95 million, a PE ratio of 43.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results 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). The company had revenue of $67.44 million for the quarter, compared to analysts’ expectations of $65.70 million. Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%. As a group, sell-side analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Monday, December 15th. Vitesse Energy’s dividend payout ratio (DPR) is 450.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Evercore ISI lowered their target price on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company 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, November 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 1st. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.50.

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.