Vitesse Energy, Inc. (NYSE:VTS) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 26.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,777 shares of the company's stock after purchasing an additional 16,279 shares during the quarter. CWA Asset Management Group LLC owned 0.20% of Vitesse Energy worth $1,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Vitesse Energy during the 4th quarter worth $29,000. KLP Kapitalforvaltning AS acquired a new position in Vitesse Energy during the 4th quarter worth $104,000. GAMMA Investing LLC grew 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 purchasing an additional 5,788 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Vitesse Energy during the 4th quarter worth $162,000. Finally, AlphaQuest LLC grew 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 purchasing an additional 5,944 shares in the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on VTS. Evercore ISI reissued an "in-line" rating and set a $28.00 target price on shares of Vitesse Energy in a research note on Wednesday, March 19th. Northland Capmk raised Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Northland Securities cut Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 target price for the company. in a research note on Tuesday, May 20th. Wall Street Zen raised Vitesse Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Roth Mkm upped their price objective on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.50.

Vitesse Energy Stock Down 0.4%

Shares of NYSE:VTS traded down $0.10 on Friday, hitting $23.28. 655,117 shares of the company's stock were exchanged, compared to its average volume of 231,053. The firm's 50-day moving average is $21.81 and its 200 day moving average is $24.02. The company has a market capitalization of $898.76 million, a PE ratio of 29.47 and a beta of 0.63. Vitesse Energy, Inc. has a 1-year low of $18.90 and a 1-year high of $28.41. 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 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 dividend of $0.5625 per share. The ex-dividend date is Monday, June 16th. This represents a $2.25 annualized dividend and a dividend yield of 9.67%. Vitesse Energy's dividend payout ratio is currently 284.81%.

Vitesse Energy Company Profile

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.