CWA Asset Management Group LLC Has $1.89 Million Stake in Vitesse Energy, Inc. (NYSE:VTS)

CWA Asset Management Group LLC increased its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 26.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,777 shares of the company's stock after acquiring an additional 16,279 shares during the quarter. CWA Asset Management Group LLC owned about 0.20% of Vitesse Energy worth $1,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VTS. Meeder Asset Management Inc. bought a new position in Vitesse Energy during the 4th quarter worth approximately $29,000. KLP Kapitalforvaltning AS bought a new position in Vitesse Energy during the 4th quarter worth approximately $104,000. GAMMA Investing LLC boosted its stake 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 acquiring an additional 5,788 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Vitesse Energy during the 4th quarter worth approximately $162,000. Finally, AlphaQuest LLC boosted its stake in Vitesse Energy by 415.4% during the 4th quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock worth $184,000 after acquiring an additional 5,944 shares during the last quarter. Institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Performance

Shares of VTS opened at $23.39 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.73 and a current ratio of 0.73. Vitesse Energy, Inc. has a twelve month low of $18.90 and a twelve month high of $28.41. The firm's 50 day moving average price is $21.68 and its two-hundred day moving average price is $24.11. The firm has a market cap of $903.13 million, a P/E ratio of 29.61 and a beta of 0.63.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date is Monday, June 16th. Vitesse Energy's dividend payout ratio is presently 284.81%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VTS. Northland Securities lowered shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price objective on the stock. in a research note on Tuesday, May 20th. Alliance Global Partners began coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price target on the stock. Roth Mkm lifted their price target on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen raised shares of Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Vitesse Energy has a consensus rating of "Hold" and an average target price 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.

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