Security National Bank Acquires 15,097 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Security National Bank increased its holdings in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,944 shares of the company's stock after purchasing an additional 15,097 shares during the quarter. Security National Bank owned approximately 0.19% of Vitesse Energy worth $1,769,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VTS. Oppenheimer & Co. Inc. grew its position in shares of Vitesse Energy by 1.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 27,905 shares of the company's stock valued at $686,000 after buying an additional 489 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Vitesse Energy by 2.9% in the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,892 shares of the company's stock valued at $516,000 after acquiring an additional 597 shares during the last quarter. CWA Asset Management Group LLC increased its position in Vitesse Energy by 26.9% during the 1st quarter. CWA Asset Management Group LLC now owns 76,777 shares of the company's stock valued at $1,888,000 after purchasing an additional 16,279 shares during the period. Inscription Capital LLC acquired a new stake in Vitesse Energy during the 1st quarter valued at approximately $409,000. Finally, QRG Capital Management Inc. bought a new position in Vitesse Energy during the 1st quarter worth approximately $206,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Stock Up 2.4%

VTS stock traded up $0.53 during trading on Thursday, reaching $22.91. 217,459 shares of the stock were exchanged, compared to its average volume of 234,062. The firm's 50 day moving average is $21.95 and its 200 day moving average is $23.95. Vitesse Energy, Inc. has a twelve month low of $18.90 and a twelve month high of $28.41. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.18. The firm has a market cap of $884.44 million, a P/E ratio of 29.00 and a beta of 0.63.

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 issued a dividend of $0.5625 per share. The ex-dividend date is Monday, June 16th. This represents a $2.25 annualized dividend and a dividend yield of 9.82%. Vitesse Energy's dividend payout ratio is 284.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VTS shares. Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Roth Mkm upped their price target 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. Evercore ISI reiterated an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th. Wall Street Zen raised Vitesse Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Northland Securities lowered 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $26.50.

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.