Cobblestone Capital Advisors LLC NY Acquires Shares of 20,250 Vitesse Energy, Inc. (NYSE:VTS)

Key Points

• Cobblestone Capital Advisors LLC has acquired a new stake in Vitesse Energy, purchasing 20,250 shares for approximately $498,000, while institutional investors collectively hold over 51% of the company's stock.
• Vitesse Energy reported earnings of $0.60 per share for the last quarter, significantly exceeding analysts' expectations of $0.10, which contributed to a revenue of $81.76 million.
• The company declared a quarterly dividend of $0.5625 per share, resulting in an annualized yield of 9.1%, although its dividend payout ratio is notably high at 212.26%.

Cobblestone Capital Advisors LLC NY acquired a new position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,250 shares of the company's stock, valued at approximately $498,000. Cobblestone Capital Advisors LLC NY owned approximately 0.05% of Vitesse Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen Asset Management LLC lifted its stake in shares of Vitesse Energy by 1.3% during the fourth quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company's stock worth $10,495,000 after purchasing an additional 5,296 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Vitesse Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company's stock worth $356,000 after purchasing an additional 497 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Vitesse Energy by 5.4% during the first quarter. Principal Financial Group Inc. now owns 9,260 shares of the company's stock worth $228,000 after purchasing an additional 476 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Vitesse Energy by 6.7% during the fourth quarter. Northern Trust Corp now owns 228,805 shares of the company's stock worth $5,720,000 after purchasing an additional 14,398 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Vitesse Energy during the fourth quarter worth about $162,000. Institutional investors and hedge funds own 51.63% of the company's stock.

Analyst Ratings Changes

VTS has been the topic of a number of recent research reports. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Northland Securities cut Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target on the stock. in a research note on Tuesday, May 20th. Zacks Research upgraded Vitesse Energy to a "strong-buy" rating in a research note on Friday, August 8th. Northland Capmk upgraded Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Finally, Alliance Global Partners initiated coverage on Vitesse Energy in a research note on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price target on the stock. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.50.

Vitesse Energy Stock Down 1.1%

Shares of NYSE:VTS traded down $0.28 during trading on Friday, hitting $25.38. The company's stock had a trading volume of 115,450 shares, compared to its average volume of 303,236. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. Vitesse Energy, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $28.41. The stock's 50-day moving average price is $23.78 and its two-hundred day moving average price is $23.42. The company has a market capitalization of $979.92 million, a PE ratio of 23.94 and a beta of 0.67.

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

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.5625 per share. The ex-dividend date is Monday, September 15th. This represents a $2.25 annualized dividend and a yield of 8.9%. Vitesse Energy's dividend payout ratio is presently 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.