Vitesse Energy, Inc. (NYSE:VTS) Stake Lifted by Marshall Wace LLP

Marshall Wace LLP raised its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 877.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,468 shares of the company's stock after purchasing an additional 109,046 shares during the quarter. Marshall Wace LLP owned 0.41% of Vitesse Energy worth $3,037,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jane Street Group LLC increased its holdings in 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 buying an additional 5,777 shares during the last quarter. Barclays PLC increased its holdings in shares of Vitesse Energy by 325.7% in the 3rd quarter. Barclays PLC now owns 39,528 shares of the company's stock valued at $950,000 after acquiring an additional 30,243 shares during the last quarter. Geode Capital Management LLC raised its position 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 valued at $13,988,000 after acquiring an additional 9,724 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vitesse Energy during the 3rd quarter valued at approximately $78,000. Finally, JPMorgan Chase & Co. lifted its stake in Vitesse Energy by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company's stock worth $5,807,000 after purchasing an additional 853 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Stock Performance

Shares of NYSE VTS traded up $0.49 during midday trading on Friday, hitting $21.37. 85,519 shares of the company's stock were exchanged, compared to its average volume of 207,155. Vitesse Energy, Inc. has a twelve month low of $18.90 and a twelve month high of $28.41. The firm has a market cap of $824.22 million, a P/E ratio of 14.62 and a beta of 0.56. The stock's 50 day moving average price is $22.82 and its 200-day moving average price is $25.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75.

Vitesse Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 21st were paid a $0.5625 dividend. This is a boost from Vitesse Energy's previous quarterly dividend of $0.53. The ex-dividend date was Friday, March 21st. This represents a $2.25 annualized dividend and a dividend yield of 10.53%. Vitesse Energy's dividend payout ratio is presently 351.56%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VTS shares. Evercore ISI reissued an "in-line" rating and set a $28.00 target price on shares of Vitesse Energy in a report on Wednesday, March 19th. Roth Mkm raised their target price on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Northland Securities upped their target price on Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Finally, Northland Capmk upgraded Vitesse Energy to a "strong-buy" rating in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $30.25.

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.