Vitesse Energy, Inc. (NYSE:VTS) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,100 shares of the company's stock after buying an additional 12,200 shares during the quarter. Two Sigma Advisers LP owned 0.75% of Vitesse Energy worth $5,552,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Vitesse Energy in the fourth quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in shares of Vitesse Energy in the fourth quarter valued at approximately $79,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Vitesse Energy in the fourth quarter valued at approximately $104,000. BNP Paribas Financial Markets purchased a new stake in Vitesse Energy during the fourth quarter worth $162,000. Finally, AlphaQuest LLC boosted its position in Vitesse Energy by 415.4% during the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock worth $184,000 after purchasing an additional 5,944 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on VTS. Northland Securities downgraded Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 target price on the stock. in a research report on Tuesday, May 20th. Roth Mkm boosted their target price on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Northland Capmk upgraded Vitesse Energy to a "hold" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Evercore ISI reiterated an "in-line" rating and set a $28.00 target price on shares of Vitesse Energy in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $26.50.

Vitesse Energy Price Performance

Shares of NYSE VTS traded down $0.24 during trading on Friday, reaching $21.12. The company had a trading volume of 42,788 shares, compared to its average volume of 216,928. Vitesse Energy, Inc. has a twelve month low of $18.90 and a twelve month high of $28.41. The stock has a market capitalization of $815.33 million, a PE ratio of 14.46 and a beta of 0.67. The stock has a 50-day moving average price of $21.68 and a two-hundred day moving average price of $24.56. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.66%. Vitesse Energy's dividend payout ratio (DPR) is 284.81%.

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.