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

Two Sigma Investments LP grew its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,664 shares of the company's stock after acquiring an additional 15,944 shares during the period. Two Sigma Investments LP owned about 0.59% of Vitesse Energy worth $4,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Vitesse Energy by 65.5% during the 4th quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock valued at $437,000 after acquiring an additional 6,916 shares during the period. Nuveen Asset Management LLC grew its position in shares of Vitesse Energy by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company's stock valued at $10,495,000 after acquiring an additional 5,296 shares during the period. Northern Trust Corp grew its position in shares of Vitesse Energy by 6.7% during the 4th quarter. Northern Trust Corp now owns 228,805 shares of the company's stock valued at $5,720,000 after acquiring an additional 14,398 shares during the period. Wells Fargo & Company MN grew its position in shares of Vitesse Energy by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 126,387 shares of the company's stock valued at $3,160,000 after acquiring an additional 2,431 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Vitesse Energy during the 4th quarter valued at $318,000. Institutional investors own 51.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI reissued an "in-line" rating and set a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Roth Mkm increased their price target on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Alliance Global Partners began coverage on Vitesse Energy in a research note on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price target for the company. Finally, Northland Securities lowered Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target for the company. in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Vitesse Energy has a consensus rating of "Hold" and a consensus price target of $26.50.

Vitesse Energy Price Performance

VTS stock traded down $0.41 during trading on Friday, reaching $20.94. The company's stock had a trading volume of 261,582 shares, compared to its average volume of 218,062. Vitesse Energy, Inc. has a 1 year low of $18.90 and a 1 year high of $28.41. 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 company has a market capitalization of $808.58 million, a P/E ratio of 14.34 and a beta of 0.67. The company's fifty day moving average is $21.61 and its 200-day moving average is $24.52.

Vitesse Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.5625 per share. 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 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.