KBC Group NV Has $828,000 Stock Position in Vitesse Energy, Inc. (NYSE:VTS)

KBC Group NV lessened its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 15.7% in the third quarter, HoldingsChannel reports. The fund owned 34,476 shares of the company’s stock after selling 6,424 shares during the period. KBC Group NV’s holdings in Vitesse Energy were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Heritage Wealth Management Inc. bought a new stake in Vitesse Energy in the 2nd quarter valued at $503,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Vitesse Energy in the first quarter valued at about $736,000. Dimensional Fund Advisors LP grew its stake 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 valued at $21,587,000 after acquiring an additional 144,166 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Vitesse Energy by 146.9% during the third quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock worth $4,317,000 after acquiring an additional 106,927 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Vitesse Energy during the second quarter worth about $281,000. Institutional investors and hedge funds own 51.63% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert W. Gerrity acquired 10,000 shares of the stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the transaction, the chief executive officer now directly owns 495,311 shares in the company, valued at approximately $12,249,041.03. This trade represents a 2.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 15.80% of the stock is currently owned by company insiders.

Vitesse Energy Price Performance

Vitesse Energy stock opened at $27.17 on Tuesday. The stock’s fifty day moving average price is $25.24 and its two-hundred day moving average price is $24.77. The firm has a market cap of $802.60 million, a PE ratio of 18.80 and a beta of 0.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. Vitesse Energy, Inc. has a one year low of $19.63 and a one year high of $27.85.

Vitesse Energy Dividend Announcement

The business also recently declared 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. This represents a $2.10 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is presently 143.84%.

Wall Street Analysts Forecast Growth

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

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.