Cobblestone Capital Advisors LLC NY Invests $498,000 in 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 bought a new stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,250 shares of the company's stock, valued at approximately $498,000. Cobblestone Capital Advisors LLC NY owned 0.05% of Vitesse Energy at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Vitesse Energy by 2,023.8% during the 1st quarter. GAMMA Investing LLC now owns 6,074 shares of the company's stock worth $149,000 after purchasing an additional 5,788 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Vitesse Energy during the 4th quarter worth about $162,000. MMCAP International Inc. SPC purchased a new stake in shares of Vitesse Energy during the 1st quarter worth about $167,000. GF Fund Management CO. LTD. purchased a new stake in shares of Vitesse Energy during the 4th quarter worth about $189,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of Vitesse Energy during the 1st quarter worth about $206,000. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Stock Up 2.1%

Shares of NYSE:VTS traded up $0.52 during trading on Tuesday, hitting $25.37. The company's stock had a trading volume of 223,055 shares, compared to its average volume of 314,898. The business has a 50 day moving average price of $23.63 and a two-hundred day moving average price of $23.41. The company has a market capitalization of $979.54 million, a PE ratio of 23.93 and a beta of 0.67. 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.

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, beating analysts' consensus estimates of $0.10 by $0.50. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. The firm had revenue of $81.76 million during the quarter, compared to analysts' expectations of $69.78 million. As a group, research analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.25 dividend on an annualized basis and a yield of 8.9%. Vitesse Energy's payout ratio is 212.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VTS shares. Wall Street Zen raised shares of Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Saturday. Alliance Global Partners started coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They set a "buy" rating and a $26.00 target price on the stock. Northland Securities lowered shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 target price on the stock. in a research note on Tuesday, May 20th. Finally, Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Vitesse Energy currently has an average rating of "Hold" and a consensus price target of $26.50.

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.