LSV Asset Management Cuts Position in Vitesse Energy, Inc. (NYSE:VTS)

LSV Asset Management cut its stake in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 39.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 217,797 shares of the company's stock after selling 142,417 shares during the period. LSV Asset Management owned about 0.74% of Vitesse Energy worth $5,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VTS. Verition Fund Management LLC acquired a new position in shares of Vitesse Energy during the 3rd quarter worth about $288,000. Jane Street Group LLC lifted its position in shares of Vitesse Energy by 12.8% in the third quarter. Jane Street Group LLC now owns 50,768 shares of the company's stock valued at $1,219,000 after acquiring an additional 5,777 shares in the last quarter. Barclays PLC boosted its stake in shares of Vitesse Energy by 325.7% in the third 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 last quarter. Geode Capital Management LLC increased its position in shares of Vitesse Energy by 1.7% during the third quarter. Geode Capital Management LLC now owns 582,234 shares of the company's stock worth $13,988,000 after purchasing an additional 9,724 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Vitesse Energy in the 3rd quarter valued at $78,000. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Trading Up 2.3 %

Shares of VTS traded up $0.48 during midday trading on Friday, hitting $21.08. 227,725 shares of the stock were exchanged, compared to its average volume of 203,045. Vitesse Energy, Inc. has a 52-week low of $18.90 and a 52-week high of $28.41. 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 stock has a fifty day simple moving average of $23.81 and a 200 day simple moving average of $25.40. The firm has a market cap of $813.22 million, a P/E ratio of 14.44 and a beta of 0.56.

Vitesse Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 10.67%. This is a boost from Vitesse Energy's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, March 21st. Vitesse Energy's dividend payout ratio (DPR) is 351.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Northland Securities upped their target price on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, January 16th. Roth Mkm upped their price objective 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. Evercore ISI reissued an "in-line" rating and issued a $28.00 target price on shares of Vitesse Energy in a research note on Wednesday, March 19th. Finally, Northland Capmk upgraded Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th. One 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 stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $30.25.

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.