K.J. Harrison & Partners Inc Makes New $295,000 Investment in Vitesse Energy, Inc. (NYSE:VTS)

K.J. Harrison & Partners Inc acquired a new stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,986 shares of the company's stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VTS. Victory Capital Management Inc. lifted its position in Vitesse Energy by 65.5% during the 4th quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock worth $437,000 after acquiring an additional 6,916 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Vitesse Energy by 1.3% in the fourth quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company's stock worth $10,495,000 after purchasing an additional 5,296 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vitesse Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company's stock worth $356,000 after purchasing an additional 497 shares during the period. Northern Trust Corp lifted its holdings in shares of Vitesse Energy by 6.7% during the fourth quarter. Northern Trust Corp now owns 228,805 shares of the company's stock worth $5,720,000 after purchasing an additional 14,398 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Vitesse Energy in the fourth quarter valued at approximately $162,000. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Price Performance

Shares of NYSE VTS opened at $22.50 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $868.73 million, a price-to-earnings ratio of 28.48 and a beta of 0.63. The firm's 50 day simple moving average is $22.02 and its 200-day simple moving average is $23.84. Vitesse Energy, Inc. has a 12 month low of $18.90 and a 12 month high of $28.41.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.25 annualized dividend and a yield of 10.00%. Vitesse Energy's dividend payout ratio is presently 284.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Alliance Global Partners began coverage on shares of Vitesse Energy in a research report on Wednesday, May 14th. They set a "buy" rating and a $26.00 price target for the company. 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 research note on Wednesday, April 2nd. Northland Capmk upgraded shares of Vitesse Energy to a "hold" rating in a research report on Tuesday, May 20th. Wall Street Zen lowered shares of Vitesse Energy from a "hold" rating to a "sell" rating in a report on Friday. Finally, Northland Securities downgraded Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target on the stock. in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.

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