Dynamic Technology Lab Private Ltd Sells 13,598 Shares of Vitesse Energy, Inc. $VTS

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in Vitesse Energy, Inc. by 46.0%, selling 13,598 shares and ending the quarter with 15,982 shares valued at approximately $393,000.
• Vitesse Energy has announced a quarterly dividend of $0.5625 per share, with an annual yield of 8.8%, despite a reported dividend payout ratio of 212.26%.
• The stock has a market capitalization of $991.93 million and recent earnings exceeded expectations, with a reported EPS of $0.60 against a consensus estimate of $0.10.

Dynamic Technology Lab Private Ltd lowered its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 46.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,982 shares of the company's stock after selling 13,598 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Vitesse Energy were worth $393,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SouthState Corp purchased a new stake in Vitesse Energy during the 1st quarter valued at $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Vitesse Energy during the 1st quarter valued at $98,000. GAMMA Investing LLC boosted 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 valued at $149,000 after buying an additional 5,788 shares during the period. BNP Paribas Financial Markets purchased a new stake in Vitesse Energy during the 4th quarter valued at $162,000. Finally, MMCAP International Inc. SPC purchased a new stake in shares of Vitesse Energy in the 1st quarter worth about $167,000. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Performance

Shares of VTS stock traded up $0.13 during trading hours on Wednesday, reaching $24.79. The company had a trading volume of 45,443 shares, compared to its average volume of 310,354. The business has a fifty day moving average price of $24.93 and a 200-day moving average price of $23.31. Vitesse Energy, Inc. has a one year low of $18.90 and a one year high of $28.41. The firm has a market cap of $957.22 million, a PE ratio of 23.48 and a beta of 0.68. 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 (NYSE:VTS - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.60 EPS for the quarter, topping 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 analyst estimates of $69.78 million. Sell-side analysts predict that Vitesse Energy, Inc. will post 1.05 earnings per share 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. Stockholders of record on Monday, September 15th will be paid a $0.5625 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.1%. Vitesse Energy's payout ratio is currently 212.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Zacks Research raised shares of Vitesse Energy to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" 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.