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

Security National Bank raised its stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 26.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,944 shares of the company's stock after buying an additional 15,097 shares during the period. Security National Bank owned about 0.19% of Vitesse Energy worth $1,769,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Vitesse Energy during the 4th quarter valued at $29,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Vitesse Energy during the 4th quarter valued at $104,000. GAMMA Investing LLC boosted its stake in shares of Vitesse Energy by 2,023.8% during the 1st quarter. GAMMA Investing LLC now owns 6,074 shares of the company's stock valued at $149,000 after buying an additional 5,788 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Vitesse Energy during the 4th quarter valued at $162,000. Finally, AlphaQuest LLC boosted its stake in shares of Vitesse Energy by 415.4% during the 4th quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock valued at $184,000 after buying an additional 5,944 shares during the period. Institutional investors and hedge funds own 51.63% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VTS. Alliance Global Partners began coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They set a "buy" rating and a $26.00 target price for the company. Evercore ISI reissued an "in-line" rating and set a $28.00 target price on shares of Vitesse Energy in a research note on Wednesday, March 19th. Roth Mkm lifted their target price on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Wall Street Zen downgraded shares of Vitesse Energy from a "hold" rating to a "sell" rating in a report on Friday. Finally, Northland Securities downgraded shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target on the stock. in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Vitesse Energy has a consensus rating of "Hold" and a consensus target price of $26.50.

Vitesse Energy Stock Down 1.6%

Shares of Vitesse Energy stock traded down $0.37 during midday trading on Friday, reaching $22.50. 1,527,513 shares of the company's stock traded hands, compared to its average volume of 239,540. The company has a market cap of $868.73 million, a price-to-earnings ratio of 28.48 and a beta of 0.63. The company's 50 day simple moving average is $22.02 and its 200 day simple moving average is $23.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.73 and a current ratio of 0.73. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41.

Vitesse Energy Announces Dividend

The company 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 $0.5625 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.25 annualized dividend and a yield of 10.00%. Vitesse Energy's dividend payout ratio (DPR) is presently 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.