Punch & Associates Investment Management Inc. Has $25.09 Million Stake in Vitesse Energy, Inc. $VTS

Key Points

• Punch & Associates Investment Management Inc. has reduced its stake in Vitesse Energy by 8.2% in Q1, now holding approximately 1.6% of the company's shares, valuing them at $25 million.
• Vitesse Energy announced a quarterly dividend of $0.5625 per share, translating to an annualized dividend yield of 8.8%, reflecting a payout ratio of over 212%.
• After its latest earnings report, Vitesse Energy received mixed ratings from analysts, with a consensus price target of $26.50 and some analysts downgrading their ratings, while others upgraded it to a "strong-buy."

Punch & Associates Investment Management Inc. reduced its holdings in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,020,442 shares of the company's stock after selling 91,420 shares during the quarter. Vitesse Energy accounts for 1.6% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 11th biggest position. Punch & Associates Investment Management Inc. owned about 2.64% of Vitesse Energy worth $25,093,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC grew its position in 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 buying an additional 5,296 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Vitesse Energy during the 1st quarter valued at $98,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $356,000 after acquiring an additional 497 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 acquiring an additional 476 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Vitesse Energy by 6.7% in the 4th quarter. Northern Trust Corp now owns 228,805 shares of the company's stock worth $5,720,000 after acquiring an additional 14,398 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Down 0.4%

NYSE:VTS traded down $0.11 on Tuesday, hitting $25.54. 292,241 shares of the company's stock traded hands, compared to its average volume of 303,688. The company has a market cap of $986.10 million, a PE ratio of 24.09 and a beta of 0.68. Vitesse Energy, Inc. has a 1 year low of $18.90 and a 1 year high of $28.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $24.74 and a 200-day moving average price of $23.33.

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

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Monday, September 15th. Vitesse Energy's payout ratio is currently 212.26%.

Wall Street Analyst Weigh In

VTS has been the subject of a number of recent analyst reports. Alliance Global Partners began coverage on Vitesse Energy in a research report on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price target for the company. Wall Street Zen upgraded 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 research report on Tuesday, May 20th. Zacks Research upgraded shares of Vitesse Energy to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Northland Securities lowered shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price objective for the company. in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.