Bank of New York Mellon Corp Reduces Position in Vitesse Energy, Inc. (NYSE:VTS)

Bank of New York Mellon Corp cut its stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 253,464 shares of the company's stock after selling 10,978 shares during the period. Bank of New York Mellon Corp owned about 0.66% of Vitesse Energy worth $6,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in 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 buying an additional 125,988 shares during the last quarter. American Century Companies Inc. raised its position in Vitesse Energy by 18.6% in the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company's stock valued at $15,352,000 after purchasing an additional 96,463 shares during the last quarter. GoodHaven Capital Management LLC raised its position in Vitesse Energy by 1.3% in the 1st quarter. GoodHaven Capital Management LLC now owns 537,851 shares of the company's stock valued at $13,226,000 after purchasing an additional 6,986 shares during the last quarter. Nuveen Asset Management LLC raised its position in Vitesse Energy by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company's stock valued at $10,495,000 after purchasing an additional 5,296 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised 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 buying an additional 92,199 shares during the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VTS has been the subject of a number of research reports. Northland Securities cut shares of 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 raised Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Wall Street Zen downgraded Vitesse Energy from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Roth Mkm upped their price target on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.50.

Vitesse Energy Stock Performance

NYSE VTS traded down $0.21 during trading hours on Friday, hitting $24.30. 232,616 shares of the stock were exchanged, compared to its average volume of 318,291. The company has a market cap of $938.22 million, a price-to-earnings ratio of 30.76 and a beta of 0.66. Vitesse Energy, Inc. has a 12-month low of $18.90 and a 12-month high of $28.41. The stock has a 50-day moving average of $22.83 and a 200 day moving average of $23.59. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date of this dividend was Monday, June 16th. Vitesse Energy's dividend payout ratio (DPR) is 284.81%.

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.