AlphaQuest LLC Has $872,000 Holdings in Vitesse Energy, Inc. $VTS

Key Points

• AlphaQuest LLC significantly boosted its stake in Vitesse Energy, Inc. by acquiring 28,072 shares, representing a 380.6% increase, bringing its total to 35,447 shares valued at approximately $872,000.
• Analysts have upgraded Vitesse Energy's rating, with Zacks Research labeling it a "strong-buy" and setting a price target of $26.50.
• Vitesse Energy recently announced a quarterly dividend of $0.5625 per share, yielding 8.6%, although its dividend payout ratio stands high at 212.26%.

AlphaQuest LLC raised its position in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 380.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,447 shares of the company's stock after purchasing an additional 28,072 shares during the quarter. AlphaQuest LLC owned approximately 0.09% of Vitesse Energy worth $872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SouthState Corp bought a new stake in shares of Vitesse Energy during the 1st quarter worth about $25,000. GAMMA Investing LLC boosted its stake in shares of Vitesse Energy by 2,023.8% during the 1st quarter. GAMMA Investing LLC now owns 6,074 shares of the company's stock worth $149,000 after acquiring an additional 5,788 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Vitesse Energy during the 4th quarter worth about $162,000. MMCAP International Inc. SPC bought a new stake in shares of Vitesse Energy during the 1st quarter worth about $167,000. Finally, GF Fund Management CO. LTD. bought a new stake in shares of Vitesse Energy during the 4th quarter worth about $189,000. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Performance

Shares of NYSE VTS traded down $0.03 during trading hours on Friday, hitting $26.64. 661,516 shares of the company's stock were exchanged, compared to its average volume of 333,900. The company's 50-day moving average price is $24.26 and its 200-day moving average price is $23.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.13 and a beta of 0.67. Vitesse Energy, Inc. has a 1-year low of $18.90 and a 1-year high of $28.41.

Vitesse Energy (NYSE:VTS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.10 by $0.50. The firm had revenue of $81.76 million during the quarter, compared to analysts' expectations of $69.78 million. Vitesse Energy had a return on equity of 7.25% and a net margin of 15.12%. On average, sell-side analysts expect that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.25 annualized dividend and a yield of 8.4%. Vitesse Energy's dividend payout ratio is 212.26%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VTS shares. Alliance Global Partners started coverage on Vitesse Energy in a research note on Wednesday, May 14th. They set a "buy" rating and a $26.00 price target for the company. Northland Securities downgraded Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target for the company. in a research note on Tuesday, May 20th. Northland Capmk upgraded Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Wall Street Zen raised Vitesse Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Zacks Research raised Vitesse Energy to a "strong-buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.50.

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.