Two Sigma Investments LP Acquires 15,944 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Two Sigma Investments LP raised its holdings in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 10.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,664 shares of the company's stock after buying an additional 15,944 shares during the quarter. Two Sigma Investments LP owned 0.59% of Vitesse Energy worth $4,392,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. one8zero8 LLC bought a new stake in shares of Vitesse Energy in the fourth quarter valued at approximately $3,330,000. Dimensional Fund Advisors LP raised its stake in Vitesse Energy by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company's stock valued at $29,031,000 after purchasing an additional 125,988 shares during the last quarter. Marshall Wace LLP boosted its holdings in Vitesse Energy by 877.8% in the 4th quarter. Marshall Wace LLP now owns 121,468 shares of the company's stock valued at $3,037,000 after purchasing an additional 109,046 shares during the period. American Century Companies Inc. grew its position in Vitesse Energy by 18.6% in the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company's stock worth $15,352,000 after purchasing an additional 96,463 shares during the last quarter. Finally, GoodHaven Capital Management LLC grew its position in Vitesse Energy by 8.0% in the 4th quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company's stock worth $13,272,000 after purchasing an additional 39,340 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Price Performance

NYSE VTS traded down $0.41 on Friday, reaching $20.94. The company's stock had a trading volume of 261,582 shares, compared to its average volume of 217,576. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $808.58 million, a PE ratio of 14.34 and a beta of 0.67. The business has a 50-day moving average price of $21.61 and a 200 day moving average price of $24.48.

Vitesse Energy Announces Dividend

The business also recently announced 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 10.74%. Vitesse Energy's payout ratio is presently 284.81%.

Analyst Ratings Changes

A number of brokerages have recently commented on VTS. Alliance Global Partners initiated coverage on shares of Vitesse Energy in a research report on Wednesday, May 14th. They set a "buy" rating and a $26.00 price objective for the company. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Northland Capmk raised Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Roth Mkm lifted their price objective on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Finally, Northland Securities cut Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price objective on the stock. 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.