Vitesse Energy, Inc. (NYSE:VTS) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 112.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,909 shares of the company’s stock after buying an additional 119,861 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Vitesse Energy were worth $5,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Vitesse Energy by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company’s stock valued at $230,000 after purchasing an additional 492 shares in the last quarter. Inlet Private Wealth LLC increased its position in shares of Vitesse Energy by 0.9% during the second quarter. Inlet Private Wealth LLC now owns 56,251 shares of the company’s stock worth $1,333,000 after acquiring an additional 500 shares during the last quarter. nVerses Capital LLC raised its position in shares of Vitesse Energy by 54.5% in the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after purchasing an additional 600 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Vitesse Energy by 6.0% in the 2nd quarter. Principal Financial Group Inc. now owns 11,113 shares of the company’s stock valued at $263,000 after purchasing an additional 627 shares in the last quarter. Finally, Optimum Investment Advisors lifted its stake in Vitesse Energy by 3.1% during the third quarter. Optimum Investment Advisors now owns 23,450 shares of the company’s stock worth $563,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Down 0.4 %

VTS stock opened at $27.46 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average of $26.49 and a two-hundred day moving average of $25.23. Vitesse Energy, Inc. has a 52-week low of $19.63 and a 52-week high of $28.41. The stock has a market capitalization of $811.17 million, a price-to-earnings ratio of 18.81 and a beta of 0.35.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.65%. The ex-dividend date 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 Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note 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.