Vitesse Energy, Inc. (NYSE:VTS) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 228,805 shares of the company's stock after purchasing an additional 14,398 shares during the quarter. Northern Trust Corp owned about 0.77% of Vitesse Energy worth $5,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VTS. R Squared Ltd purchased a new stake in shares of Vitesse Energy in the fourth quarter worth about $79,000. Inlet Private Wealth LLC grew its position in shares of Vitesse Energy by 0.7% during the 4th 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. Rhumbline Advisers grew its position in shares of Vitesse Energy by 1.6% during the 4th quarter. Rhumbline Advisers now owns 41,929 shares of the company's stock valued at $1,048,000 after purchasing an additional 660 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vitesse Energy by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 8,784 shares of the company's stock worth $220,000 after purchasing an additional 418 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Vitesse Energy in the fourth quarter worth $443,000. 51.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VTS has been the topic of a number of research analyst reports. Evercore ISI restated an "in-line" rating and issued a $28.00 target price on shares of Vitesse Energy in a research note on Wednesday, March 19th. Northland Securities downgraded shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 target price on the stock. in a research note on Tuesday, May 20th. Roth Mkm boosted their price target 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 raised shares of Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Finally, Alliance Global Partners began coverage on shares of Vitesse Energy in a report on Wednesday, May 14th. They set a "buy" rating and a $26.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Vitesse Energy has a consensus rating of "Hold" and a consensus target price of $26.50.

Vitesse Energy Trading Down 0.1%

Shares of VTS traded down $0.03 during mid-day trading on Monday, hitting $20.85. 176,843 shares of the company's stock traded hands, compared to its average volume of 217,031. 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 firm has a market capitalization of $805.18 million, a P/E ratio of 14.28 and a beta of 0.67. The business's 50-day moving average price is $21.83 and its 200-day moving average price is $24.65. Vitesse Energy, Inc. has a 1 year low of $18.90 and a 1 year high of $28.41.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 10.79%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy's dividend payout ratio is currently 284.81%.

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.