Harbor Capital Advisors Inc. Boosts Position in Vitesse Energy, Inc. (NYSE:VTS)

Harbor Capital Advisors Inc. boosted its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 31.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 382,753 shares of the company's stock after acquiring an additional 92,199 shares during the period. Harbor Capital Advisors Inc. owned 0.99% of Vitesse Energy worth $9,412,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VTS. one8zero8 LLC bought a new stake in Vitesse Energy in the 4th quarter valued at $3,330,000. Dimensional Fund Advisors LP raised its holdings in Vitesse Energy by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company's stock valued at $29,031,000 after buying an additional 125,988 shares during the period. Marshall Wace LLP lifted its holdings in shares of Vitesse Energy by 877.8% in the 4th quarter. Marshall Wace LLP now owns 121,468 shares of the company's stock worth $3,037,000 after acquiring an additional 109,046 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Vitesse Energy by 18.6% during the fourth quarter. American Century Companies Inc. now owns 614,078 shares of the company's stock valued at $15,352,000 after buying an additional 96,463 shares during the period. Finally, GoodHaven Capital Management LLC lifted its position in shares of Vitesse Energy by 8.0% during the fourth quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company's stock worth $13,272,000 after purchasing an additional 39,340 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VTS shares. Alliance Global Partners began coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They set a "buy" rating and a $26.00 price target for the company. Roth Mkm boosted their price target on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Evercore ISI restated an "in-line" rating and issued a $28.00 target price on shares of Vitesse Energy in a research note on Wednesday, March 19th. Northland Securities cut shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 target price for the company. in a report on Tuesday, May 20th. Finally, Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Vitesse Energy currently has an average rating of "Hold" and an average target price of $26.50.

Vitesse Energy Price Performance

Shares of Vitesse Energy stock traded up $0.03 during trading hours on Friday, reaching $24.46. 530,132 shares of the company's stock were exchanged, compared to its average volume of 226,853. The business has a fifty day moving average of $21.42 and a two-hundred day moving average of $24.23. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $944.50 million, a P/E ratio of 16.75 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.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy's dividend payout ratio is presently 284.81%.

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.