Dynamic Technology Lab Private Ltd Has $393,000 Stock Position in 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 cut its stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 46.0% during the first quarter, according to its most recent disclosure 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 quarter.

Several other large investors have also recently bought and sold shares of VTS. SouthState Corp acquired a new position in Vitesse Energy during the first quarter valued at $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in Vitesse Energy during the first quarter valued at $98,000. GAMMA Investing LLC raised its position in Vitesse Energy by 2,023.8% during the first 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 acquired a new position in Vitesse Energy during the fourth quarter valued at $162,000. Finally, MMCAP International Inc. SPC acquired a new position in Vitesse Energy in the 1st quarter worth about $167,000. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Stock Performance

NYSE:VTS traded down $0.93 during mid-day trading on Monday, hitting $24.16. 631,281 shares of the company's stock traded hands, compared to its average volume of 311,133. The firm has a 50 day moving average of $24.88 and a two-hundred day moving average of $23.31. Vitesse Energy, Inc. has a 12 month low of $18.90 and a 12 month high of $28.41. The firm has a market capitalization of $932.62 million, a price-to-earnings ratio of 22.79 and a beta of 0.68. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16.

Vitesse Energy (NYSE:VTS - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.60 earnings per share 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 during the quarter, compared to the consensus estimate of $69.78 million. On average, equities analysts forecast that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.25 annualized dividend and a yield of 9.3%. Vitesse Energy's dividend payout ratio is 212.26%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Northland Capmk raised Vitesse Energy to a "hold" rating in a research report on Tuesday, May 20th. Northland Securities downgraded Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target for the company. in a research note on Tuesday, May 20th. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded Vitesse Energy to a "strong-buy" rating in a research note on Friday, August 8th. One equities research 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 stock. According to MarketBeat, Vitesse Energy currently has an average rating of "Moderate Buy" and a consensus price target of $26.50.

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.