American Century Companies Inc. Raises Position in 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. lifted its position in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 14.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 705,080 shares of the company's stock after purchasing an additional 91,002 shares during the period. American Century Companies Inc. owned 1.83% of Vitesse Energy worth $17,338,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of VTS. Nuveen LLC purchased a new stake in shares of Vitesse Energy in the first quarter valued at approximately $10,296,000. Dimensional Fund Advisors LP boosted its holdings in shares of Vitesse Energy by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company's stock valued at $29,031,000 after purchasing an additional 125,988 shares during the period. Marshall Wace LLP boosted its holdings in shares of Vitesse Energy by 877.8% in the fourth quarter. Marshall Wace LLP now owns 121,468 shares of the company's stock valued at $3,037,000 after purchasing an additional 109,046 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Vitesse Energy by 31.7% in the first quarter. Harbor Capital Advisors Inc. now owns 382,753 shares of the company's stock valued at $9,412,000 after purchasing an additional 92,199 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Vitesse Energy by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company's stock worth $61,856,000 after buying an additional 60,476 shares during the period. Hedge funds and other institutional investors own 51.63% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on VTS shares. 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. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Alliance Global Partners started coverage on Vitesse Energy in a report on Wednesday, May 14th. They set a "buy" rating and a $26.00 target price for the company. Northland Capmk upgraded Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Finally, Zacks Research upgraded Vitesse Energy to a "strong-buy" rating in a report on Friday, August 8th. One investment 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $26.50.

Vitesse Energy Stock Performance

Shares of NYSE VTS traded up $0.38 during mid-day trading on Wednesday, hitting $26.86. The stock had a trading volume of 387,633 shares, compared to its average volume of 327,614. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average of $24.13 and a two-hundred day moving average of $23.39. Vitesse Energy, Inc. has a twelve month low of $18.90 and a twelve month high of $28.41. The firm has a market cap of $1.04 billion, a PE ratio of 25.34 and a beta of 0.67.

Vitesse Energy (NYSE:VTS - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.60 earnings per share 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%. Research analysts predict that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

The business 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 dividend of $0.5625 per share. 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 dividend payout ratio (DPR) is currently 212.26%.

About Vitesse Energy

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.