Principal Financial Group Inc. Sells 2,747 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Principal Financial Group Inc. trimmed its stake in Vitesse Energy, Inc. (NYSE:VTS) by 24.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,366 shares of the company’s stock after selling 2,747 shares during the quarter. Principal Financial Group Inc.’s holdings in Vitesse Energy were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VTS. Dimensional Fund Advisors LP raised its stake in Vitesse Energy by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after acquiring an additional 144,166 shares during the period. LSV Asset Management increased its stake in shares of Vitesse Energy by 2.2% in the second quarter. LSV Asset Management now owns 388,397 shares of the company’s stock worth $9,205,000 after purchasing an additional 8,185 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Vitesse Energy by 267.2% in the second quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock worth $6,769,000 after purchasing an additional 207,831 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Vitesse Energy by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 277,465 shares of the company’s stock valued at $6,576,000 after purchasing an additional 7,513 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Vitesse Energy by 146.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock valued at $4,317,000 after buying an additional 106,927 shares in the last quarter. 51.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Vitesse Energy news, CEO Robert W. Gerrity bought 10,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the purchase, the chief executive officer now directly owns 495,311 shares of the company’s stock, valued at $12,249,041.03. The trade was a 2.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.80% of the company’s stock.

Vitesse Energy Stock Down 0.1 %

Shares of NYSE VTS opened at $28.12 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The company has a market cap of $830.66 million, a P/E ratio of 19.26 and a beta of 0.22. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $28.41. The business has a 50-day simple moving average of $25.68 and a two-hundred day simple moving average of $24.95.

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 issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend is Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is presently 143.84%.

Wall Street Analyst Weigh In

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

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.