AlphaQuest LLC Acquires 28,072 Shares of 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 increased its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 380.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,447 shares of the company's stock after buying an additional 28,072 shares during the quarter. AlphaQuest LLC owned 0.09% of Vitesse Energy worth $872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VTS. SouthState Corp bought a new position in Vitesse Energy in the first quarter valued at about $25,000. GAMMA Investing LLC raised its position in Vitesse Energy by 2,023.8% in the first quarter. GAMMA Investing LLC now owns 6,074 shares of the company's stock valued at $149,000 after purchasing an additional 5,788 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Vitesse Energy in the fourth quarter valued at about $162,000. MMCAP International Inc. SPC bought a new position in Vitesse Energy in the first quarter valued at about $167,000. Finally, GF Fund Management CO. LTD. bought a new position in Vitesse Energy in the fourth quarter valued at about $189,000. 51.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Vitesse Energy Price Performance

Shares of VTS opened at $26.17 on Monday. Vitesse Energy, Inc. has a 1 year low of $18.90 and a 1 year high of $28.41. 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 company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.69 and a beta of 0.67. The business has a 50-day moving average of $23.95 and a 200-day moving average of $23.34.

Vitesse Energy (NYSE:VTS - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.50. Vitesse Energy had a return on equity of 7.25% and a net margin of 15.12%.The company had revenue of $81.76 million during the quarter, compared to the consensus estimate of $69.78 million. As a group, equities research analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current year.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.25 annualized dividend and a yield of 8.6%. Vitesse Energy's dividend payout ratio (DPR) is currently 212.26%.

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.

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