Millennium Management LLC Grows Stock Position in Vitesse Energy, Inc. (NYSE:VTS)

Millennium Management LLC grew its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 119.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,541 shares of the company's stock after buying an additional 28,570 shares during the period. Millennium Management LLC owned 0.18% of Vitesse Energy worth $1,314,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of 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 in the last quarter. American Century Companies Inc. boosted its stake in Vitesse Energy by 18.6% in the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company's stock worth $15,352,000 after purchasing an additional 96,463 shares in the last quarter. GoodHaven Capital Management LLC boosted its stake in Vitesse Energy by 8.0% in the 4th 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in Vitesse Energy by 10.5% in the 4th quarter. JPMorgan Chase & Co. now owns 267,243 shares of the company's stock worth $6,681,000 after purchasing an additional 25,482 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Vitesse Energy by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company's stock worth $6,611,000 after purchasing an additional 1,566 shares in the last quarter. Institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Performance

VTS traded up $0.47 during midday trading on Friday, hitting $22.60. 408,918 shares of the company traded hands, compared to its average volume of 221,759. 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 firm has a market capitalization of $872.68 million, a PE ratio of 15.48 and a beta of 0.63. The company's 50-day moving average is $21.34 and its 200 day moving average is $24.31. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 9.96%. The ex-dividend date is Monday, June 16th. Vitesse Energy's dividend payout ratio is currently 284.81%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Northland Capmk upgraded shares of Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Roth Mkm upped their price target 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 Securities cut shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target on the stock. in a research note on Tuesday, May 20th. Evercore ISI reiterated an "in-line" rating and issued a $28.00 price target on shares of Vitesse Energy in a research note on Wednesday, March 19th. Finally, 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 price target on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.