418,725 Shares in Vitesse Energy, Inc. $VTS Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a stake in Vitesse Energy, purchasing 418,725 shares valued at approximately $10.3 million, which represents about 1.08% of the company.
• Multiple hedge funds have increased their investments in Vitesse Energy, leading to institutional investors owning 51.63% of the company's stock.
• Vitesse Energy recently announced a quarterly dividend of $0.5625 per share, reflecting an annualized yield of 8.6%, with a remarkably high payout ratio of 212.26%.

Nuveen LLC acquired a new position in Vitesse Energy, Inc. (NYSE:VTS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 418,725 shares of the company's stock, valued at approximately $10,296,000. Nuveen LLC owned approximately 1.08% of Vitesse Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VTS. Principal Financial Group Inc. boosted its holdings in Vitesse Energy by 5.4% in the 1st quarter. Principal Financial Group Inc. now owns 9,260 shares of the company's stock worth $228,000 after buying an additional 476 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Vitesse Energy by 1.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 27,905 shares of the company's stock valued at $686,000 after buying an additional 489 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Vitesse Energy by 1.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,683 shares of the company's stock valued at $705,000 after purchasing an additional 516 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Vitesse Energy by 2.9% during the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,892 shares of the company's stock valued at $516,000 after purchasing an additional 597 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VTS shares. Zacks Research raised shares of Vitesse Energy to a "strong-buy" rating in a report on Friday, August 8th. Northland Securities cut shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 target price for the company. in a report on Tuesday, May 20th. Wall Street Zen raised shares of Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Finally, Alliance Global Partners initiated coverage on shares of Vitesse Energy in a report on Wednesday, May 14th. They set a "buy" rating and a $26.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.50.

Vitesse Energy Trading Down 0.3%

VTS stock traded down $0.08 during midday trading on Thursday, reaching $26.74. 29,366 shares of the company traded hands, compared to its average volume of 302,121. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.19 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day moving average of $24.13 and a 200-day moving average of $23.39. Vitesse Energy, Inc. has a 52-week low of $18.90 and a 52-week high of $28.41.

Vitesse Energy (NYSE:VTS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.50. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. The firm had revenue of $81.76 million during the quarter, compared to analysts' expectations of $69.78 million. As a group, sell-side analysts expect that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Monday, September 15th. Vitesse Energy's dividend payout ratio (DPR) is currently 212.26%.

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.