Jump Financial LLC Makes New Investment in Vitesse Energy, Inc. (NYSE:VTS)

Jump Financial LLC purchased a new position in Vitesse Energy, Inc. (NYSE:VTS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,365 shares of the company's stock, valued at approximately $509,000. Jump Financial LLC owned 0.07% of Vitesse Energy as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VTS. Harbor Capital Advisors Inc. boosted its stake in shares of Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company's stock valued at $7,264,000 after purchasing an additional 110,830 shares in the last quarter. Barclays PLC grew its holdings in shares of Vitesse Energy by 325.7% during the 3rd quarter. Barclays PLC now owns 39,528 shares of the company's stock worth $950,000 after acquiring an additional 30,243 shares during the period. Geode Capital Management LLC grew its holdings in shares of Vitesse Energy by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company's stock worth $13,988,000 after acquiring an additional 9,724 shares during the period. Victory Capital Management Inc. raised its position in shares of Vitesse Energy by 65.5% in the 4th quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock worth $437,000 after acquiring an additional 6,916 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Vitesse Energy by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company's stock valued at $5,807,000 after purchasing an additional 853 shares in the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VTS. Northland Capmk raised Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th. Northland Securities lifted their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th. Evercore ISI restated an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a report on Wednesday, March 19th. Finally, 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 report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $30.25.

Vitesse Energy Stock Down 0.4 %

NYSE:VTS traded down $0.08 on Tuesday, reaching $21.41. 35,928 shares of the stock traded hands, compared to its average volume of 204,905. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $826.03 million, a price-to-earnings ratio of 14.65 and a beta of 0.56. Vitesse Energy, Inc. has a 12 month low of $18.90 and a 12 month high of $28.41. The company's fifty day simple moving average is $23.15 and its 200 day simple moving average is $25.21.

Vitesse Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were issued a $0.5625 dividend. This is a positive change from Vitesse Energy's previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a yield of 10.51%. The ex-dividend date was Friday, March 21st. Vitesse Energy's payout ratio is presently 351.56%.

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.