Sprinkle Financial Consultants LLC Acquires New Holdings in Vitesse Energy, Inc. $VTS

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 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,739 shares of the company's stock, valued at approximately $281,000.

Several other institutional investors have also recently made changes to their positions in VTS. Vanguard Group Inc. boosted its holdings in Vitesse Energy by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company's stock worth $61,856,000 after buying an additional 60,476 shares in the last quarter. American Century Companies Inc. grew its position in shares of Vitesse Energy by 14.8% during the first quarter. American Century Companies Inc. now owns 705,080 shares of the company's stock worth $17,338,000 after acquiring an additional 91,002 shares during the last quarter. GoodHaven Capital Management LLC boosted its stake in Vitesse Energy by 1.3% during the 1st quarter. GoodHaven Capital Management LLC now owns 537,851 shares of the company's stock valued at $13,226,000 after purchasing an additional 6,986 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of 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 period. Finally, Nuveen LLC acquired a new position in shares of Vitesse Energy in the first quarter worth about $10,296,000. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Down 3.4%

Shares of Vitesse Energy stock traded down $0.82 during trading on Friday, reaching $23.18. 744,827 shares of the company traded hands, compared to its average volume of 390,423. The firm has a market capitalization of $894.98 million, a PE ratio of 21.87 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 50 day moving average price of $24.95 and a 200-day moving average price of $23.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.95 and a quick ratio of 0.95.

Vitesse Energy (NYSE:VTS - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities research analysts expect that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.25 annualized dividend and a yield of 9.7%. Vitesse Energy's dividend payout ratio (DPR) is 212.26%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VTS. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research raised Vitesse Energy to a "strong-buy" rating in a research report 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 assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.50.

Vitesse Energy 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.