Fmr LLC Has $1.02 Million Position in Vitesse Energy, Inc. (NYSE:VTS)

Fmr LLC cut its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 2.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,628 shares of the company’s stock after selling 1,045 shares during the quarter. Fmr LLC’s holdings in Vitesse Energy were worth $1,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Vitesse Energy by 112.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock worth $5,450,000 after acquiring an additional 119,861 shares in the last quarter. Quest Partners LLC acquired a new position in Vitesse Energy during the third quarter worth $34,000. Victory Capital Management Inc. bought a new position in Vitesse Energy in the third quarter valued at $254,000. Oxbow Advisors LLC increased its stake in Vitesse Energy by 5.5% in the 3rd quarter. Oxbow Advisors LLC now owns 26,949 shares of the company’s stock valued at $647,000 after buying an additional 1,412 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in Vitesse Energy during the 3rd quarter worth about $1,326,000. Institutional investors and hedge funds own 51.63% of the company’s stock.

Analyst Ratings Changes

Separately, Alliance Global Partners downgraded shares of Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research note on Wednesday, November 6th.

Vitesse Energy Stock Down 1.4 %

VTS stock opened at $26.23 on Tuesday. The company has a market cap of $774.83 million, a price-to-earnings ratio of 17.97 and a beta of 0.35. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $28.41. The business has a 50 day moving average price of $26.52 and a two-hundred day moving average price of $25.26. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 8.01%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s payout ratio is presently 143.84%.

Vitesse Energy 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.