17,242 Shares in Vitesse Energy, Inc. (NYSE:VTS) Acquired by Inscription Capital LLC

Inscription Capital LLC acquired a new position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,242 shares of the company's stock, valued at approximately $409,000.

A number of other hedge funds have also recently added to or reduced their stakes in VTS. Rhumbline Advisers grew its holdings in Vitesse Energy by 1.6% during the 4th quarter. Rhumbline Advisers now owns 41,929 shares of the company's stock worth $1,048,000 after acquiring an additional 660 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Vitesse Energy by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company's stock worth $220,000 after acquiring an additional 418 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Vitesse Energy during the 4th quarter worth about $443,000. Bank of New York Mellon Corp grew its holdings in Vitesse Energy by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company's stock worth $6,611,000 after acquiring an additional 1,566 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Vitesse Energy during the 4th quarter worth about $318,000. Institutional investors own 51.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VTS shares. Roth Mkm increased their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Alliance Global Partners assumed coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They issued a "buy" rating and a $26.00 target price on the stock. Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. 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. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Vitesse Energy currently has a consensus rating of "Hold" and a consensus target price of $26.50.

Vitesse Energy Trading Down 0.4%

Vitesse Energy stock traded down $0.10 during midday trading on Friday, hitting $23.28. 655,117 shares of the stock were exchanged, compared to its average volume of 231,053. The company has a fifty day simple moving average of $21.81 and a two-hundred day simple moving average of $24.02. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41. The stock has a market capitalization of $898.76 million, a PE ratio of 29.47 and a beta of 0.63. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.18.

Vitesse Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 9.67%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy's payout ratio is 284.81%.

Vitesse Energy 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.