Two Sigma Advisers LP Acquires 12,200 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Two Sigma Advisers LP increased its stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 222,100 shares of the company's stock after purchasing an additional 12,200 shares during the period. Two Sigma Advisers LP owned approximately 0.75% of Vitesse Energy worth $5,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Inlet Private Wealth LLC lifted its holdings in shares of Vitesse Energy by 0.7% in the fourth quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company's stock valued at $1,491,000 after purchasing an additional 400 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Vitesse Energy by 5.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company's stock valued at $220,000 after acquiring an additional 418 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 during the last quarter. Rhumbline Advisers boosted its position in Vitesse Energy by 1.6% during the 4th quarter. Rhumbline Advisers now owns 41,929 shares of the company's stock worth $1,048,000 after acquiring an additional 660 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Vitesse Energy during the 4th quarter worth approximately $29,000. Institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Performance

Shares of VTS stock traded up $0.02 during trading on Thursday, reaching $21.37. 112,567 shares of the company's stock were exchanged, compared to its average volume of 275,805. Vitesse Energy, Inc. has a twelve month low of $18.90 and a twelve month high of $28.41. The firm's fifty day moving average price is $21.74 and its 200-day moving average price is $24.60. 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 stock has a market capitalization of $824.99 million, a PE ratio of 14.63 and a beta of 0.67.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.25 annualized dividend and a dividend yield of 10.53%. Vitesse Energy's dividend payout ratio is currently 284.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VTS shares. Alliance Global Partners started coverage on shares of Vitesse Energy in a research report on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price objective on the stock. Roth Mkm increased their price objective 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 Capmk upgraded Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Northland Securities cut Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target for the company. in a research report on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.