American Century Companies Inc. Purchases 91,002 Shares of Vitesse Energy, Inc. $VTS

Key Points

• American Century Companies Inc. increased its stake in Vitesse Energy, Inc. by 14.8%, acquiring an additional 91,002 shares during the first quarter, bringing its total ownership to 705,080 shares valued at approximately $17.3 million.
• The company announced a quarterly dividend of $0.5625 per share, with a dividend yield of 8.6%, to be paid on September 30th.
• Research analysts have given Vitesse Energy an average rating of "Moderate Buy" with a consensus price target of $26.50, following various upgrades and downgrades from multiple firms.

American Century Companies Inc. grew its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 705,080 shares of the company's stock after buying an additional 91,002 shares during the quarter. American Century Companies Inc. owned approximately 1.83% of Vitesse Energy worth $17,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Vitesse Energy in the 1st quarter worth approximately $10,296,000. Dimensional Fund Advisors LP lifted its holdings in Vitesse Energy by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company's stock worth $29,031,000 after purchasing an additional 125,988 shares during the last quarter. Marshall Wace LLP lifted its holdings in Vitesse Energy by 877.8% in the 4th quarter. Marshall Wace LLP now owns 121,468 shares of the company's stock worth $3,037,000 after purchasing an additional 109,046 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Vitesse Energy by 31.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 382,753 shares of the company's stock worth $9,412,000 after purchasing an additional 92,199 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Vitesse Energy by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company's stock worth $61,856,000 after purchasing an additional 60,476 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Stock Performance

NYSE VTS traded down $0.03 during trading on Friday, hitting $26.64. The company's stock had a trading volume of 661,516 shares, compared to its average volume of 333,900. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $24.26 and a 200 day moving average price of $23.37. The firm has a market cap of $1.03 billion, a P/E ratio of 25.13 and a beta of 0.67. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41.

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

Vitesse Energy Dividend Announcement

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

Wall Street Analyst Weigh In

VTS has been the subject of several analyst reports. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research upgraded Vitesse Energy to a "strong-buy" rating in a report on Friday, August 8th. Northland Securities lowered Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 target price for the company. in a report on Tuesday, May 20th. Northland Capmk upgraded Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Finally, Alliance Global Partners initiated coverage on Vitesse Energy in a report on Wednesday, May 14th. They issued a "buy" rating and a $26.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.50.

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.