12,739 Shares in Vitesse Energy, Inc. $VTS Acquired by Sprinkle Financial Consultants LLC

Key Points

• Sprinkle Financial Consultants LLC purchased a new stake in Vitesse Energy, Inc., acquiring 12,739 shares valued at approximately $281,000 during the 2nd quarter.
• Vitesse Energy's recent quarterly earnings showed a substantial profit, reporting $0.60 earnings per share and beating analysts' estimates by $0.50.
• The company declared a quarterly dividend of $0.5625, yielding 9.7%, with a payout ratio of 212.26%.

Sprinkle Financial Consultants LLC bought a new stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,739 shares of the company's stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in shares of Vitesse Energy during the fourth quarter worth about $162,000. Bank of America Corp DE lifted its stake in shares of Vitesse Energy by 16.6% in the fourth quarter. Bank of America Corp DE now owns 51,334 shares of the company's stock worth $1,283,000 after acquiring an additional 7,294 shares during the period. Deutsche Bank AG lifted its stake in shares of Vitesse Energy by 43.6% in the fourth quarter. Deutsche Bank AG now owns 27,709 shares of the company's stock worth $693,000 after acquiring an additional 8,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Vitesse Energy by 3.6% in the fourth 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 during the period. Finally, Millennium Management LLC lifted its stake in shares of Vitesse Energy by 119.2% in the fourth quarter. Millennium Management LLC now owns 52,541 shares of the company's stock worth $1,314,000 after acquiring an additional 28,570 shares during the period. Institutional investors own 51.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on VTS shares. Wall Street Zen raised Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research raised Vitesse Energy to a "strong-buy" rating in a research note on Friday, August 8th. One investment 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.50.

Vitesse Energy Stock Performance

NYSE:VTS traded up $0.39 during trading on Tuesday, reaching $23.67. The company's stock had a trading volume of 158,287 shares, compared to its average volume of 314,114. The firm has a market cap of $913.90 million, a price-to-earnings ratio of 22.33 and a beta of 0.68. 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 firm has a 50 day moving average of $24.94 and a 200-day moving average of $23.29. Vitesse Energy, Inc. has a 12 month low of $18.90 and a 12 month high of $28.41.

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

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.5625 per share. The ex-dividend date is Monday, September 15th. This represents a $2.25 annualized dividend and a dividend yield of 9.5%. Vitesse Energy's dividend payout ratio is presently 212.26%.

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.