Millennium Management LLC Acquires 28,570 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Millennium Management LLC grew its stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 119.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,541 shares of the company's stock after purchasing an additional 28,570 shares during the quarter. Millennium Management LLC owned approximately 0.18% of Vitesse Energy worth $1,314,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vitesse Energy by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company's stock valued at $356,000 after buying an additional 497 shares during the period. Ellevest Inc. raised its stake in shares of Vitesse Energy by 15.6% during the fourth quarter. Ellevest Inc. now owns 13,022 shares of the company's stock valued at $326,000 after acquiring an additional 1,760 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Vitesse Energy by 43.6% during the fourth quarter. Deutsche Bank AG now owns 27,709 shares of the company's stock valued at $693,000 after acquiring an additional 8,411 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Vitesse Energy by 16.6% during the fourth quarter. Bank of America Corp DE now owns 51,334 shares of the company's stock worth $1,283,000 after purchasing an additional 7,294 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Vitesse Energy in the fourth quarter worth about $162,000. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Performance

VTS stock traded up $0.47 during midday trading on Friday, reaching $22.60. 408,918 shares of the company's stock traded hands, compared to its average volume of 220,939. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. Vitesse Energy, Inc. has a 52-week low of $18.90 and a 52-week high of $28.41. The stock has a market cap of $872.68 million, a P/E ratio of 15.48 and a beta of 0.63. The stock's 50-day moving average is $21.39 and its 200 day moving average is $24.37.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 9.96%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy's dividend payout ratio is currently 284.81%.

Analyst Ratings Changes

Several research firms have recently issued reports on VTS. Evercore ISI reissued an "in-line" rating and set a $28.00 target price on shares of Vitesse Energy in a research note on Wednesday, March 19th. Wall Street Zen upgraded shares of Vitesse Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Alliance Global Partners initiated coverage on shares of Vitesse Energy in a research report on Wednesday, May 14th. They issued a "buy" rating and a $26.00 target price for the company. Roth Mkm boosted their price target on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Finally, Northland Securities downgraded shares of 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Vitesse Energy currently has a consensus rating of "Hold" and an average target price 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.