Verition Fund Management LLC Makes New Investment in Vitesse Energy, Inc. (NYSE:VTS)

Verition Fund Management LLC acquired a new position in Vitesse Energy, Inc. (NYSE:VTS) during the third quarter, according to its most recent filing with the SEC. The firm acquired 11,997 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Vitesse Energy in the second quarter valued at $26,000. International Assets Investment Management LLC boosted its stake in shares of Vitesse Energy by 2,301.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after purchasing an additional 1,312 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Vitesse Energy during the third quarter valued at about $34,000. Cullen Frost Bankers Inc. bought a new position in Vitesse Energy in the second quarter worth about $36,000. Finally, Quent Capital LLC lifted its holdings in Vitesse Energy by 25.7% in the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after buying an additional 1,141 shares during the period. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Stock Performance

Shares of VTS stock opened at $27.13 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $26.52 and its 200-day moving average price is $25.25. The stock has a market cap of $801.42 million, a PE ratio of 18.58 and a beta of 0.35. Vitesse Energy, Inc. has a 12 month low of $19.63 and a 12 month high of $28.41.

Vitesse Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend is Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is presently 143.84%.

Analysts Set New Price Targets

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

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.