Northern Trust Corp Has $5.72 Million Stake in Vitesse Energy, Inc. (NYSE:VTS)

Northern Trust Corp boosted its holdings in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,805 shares of the company's stock after purchasing an additional 14,398 shares during the period. Northern Trust Corp owned about 0.77% of Vitesse Energy worth $5,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Vitesse Energy by 12.2% in the fourth 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 in the last quarter. American Century Companies Inc. grew its position in Vitesse Energy by 18.6% in the fourth quarter. American Century Companies Inc. now owns 614,078 shares of the company's stock valued at $15,352,000 after purchasing an additional 96,463 shares in the last quarter. GoodHaven Capital Management LLC grew its position in Vitesse Energy by 8.0% in the fourth quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company's stock valued at $13,272,000 after purchasing an additional 39,340 shares in the last quarter. JPMorgan Chase & Co. grew its position in Vitesse Energy by 10.5% in the fourth quarter. JPMorgan Chase & Co. now owns 267,243 shares of the company's stock valued at $6,681,000 after purchasing an additional 25,482 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Vitesse Energy by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company's stock valued at $6,611,000 after purchasing an additional 1,566 shares in the last quarter. Institutional investors own 51.63% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Vitesse Energy from a "sell" rating to a "hold" rating in a research report on Thursday. Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a research report on Tuesday. Alliance Global Partners initiated 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 for the company. Roth Mkm lifted their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Finally, Evercore ISI reissued an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Vitesse Energy presently has a consensus rating of "Hold" and an average target price of $26.50.

Vitesse Energy Stock Performance

Shares of VTS stock traded down $0.03 during midday trading on Friday, hitting $20.85. 176,843 shares of the company were exchanged, compared to its average volume of 216,644. The firm has a market capitalization of $805.18 million, a P/E ratio of 14.28 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The firm's 50 day moving average price is $21.95 and its two-hundred day moving average price is $24.77. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41.

Vitesse Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 10.79%. The ex-dividend date of this dividend is Monday, June 16th. 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.