11,986 Shares in Vitesse Energy, Inc. (NYSE:VTS) Bought by K.J. Harrison & Partners Inc

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

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Vitesse Energy by 12.2% during the fourth 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 last quarter. American Century Companies Inc. raised its stake in shares of Vitesse Energy by 18.6% during the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company's stock worth $15,352,000 after acquiring an additional 96,463 shares in the last quarter. GoodHaven Capital Management LLC lifted its position in Vitesse Energy by 1.3% during the first quarter. GoodHaven Capital Management LLC now owns 537,851 shares of the company's stock valued at $13,226,000 after acquiring an additional 6,986 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Vitesse Energy by 1.3% in the fourth quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company's stock valued at $10,495,000 after acquiring an additional 5,296 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Vitesse Energy by 31.7% in the first quarter. Harbor Capital Advisors Inc. now owns 382,753 shares of the company's stock valued at $9,412,000 after acquiring an additional 92,199 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Performance

Vitesse Energy stock traded down $0.06 during trading hours on Thursday, hitting $23.14. 146,825 shares of the stock traded hands, compared to its average volume of 241,964. The firm's 50 day moving average price is $22.12 and its 200-day moving average price is $23.79. 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 $893.44 million, a price-to-earnings ratio of 29.29 and a beta of 0.66. Vitesse Energy, Inc. has a 1 year low of $18.90 and a 1 year high of $28.41.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.5625 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.25 dividend on an annualized basis and a yield of 9.72%. Vitesse Energy's dividend payout ratio is currently 284.81%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VTS. Roth Mkm increased their price objective on Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Wall Street Zen cut Vitesse Energy from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Evercore ISI reissued an "in-line" rating and issued a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th. Alliance Global Partners began coverage on shares of Vitesse Energy in a report on Wednesday, May 14th. They set a "buy" rating and a $26.00 price objective on the stock. Finally, Northland Capmk upgraded shares of Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.50.

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.