Vanguard Group Inc. raised its position in shares of Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,449,798 shares of the company's stock after acquiring an additional 62,599 shares during the period. Vanguard Group Inc. owned approximately 8.51% of Vitesse Energy worth $56,076,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in VTS. US Bancorp DE bought a new stake in shares of Vitesse Energy during the second quarter worth approximately $35,000. Ameritas Investment Partners Inc. bought a new stake in shares of Vitesse Energy in the second quarter valued at approximately $46,000. Quent Capital LLC bought a new stake in shares of Vitesse Energy in the third quarter valued at approximately $71,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Vitesse Energy in the second quarter valued at approximately $80,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Vitesse Energy in the second quarter valued at approximately $115,000. Institutional investors own 51.63% of the company's stock.
Vitesse Energy Price Performance
Shares of VTS stock traded down $0.28 during trading on Monday, hitting $23.24. The company had a trading volume of 214,663 shares, compared to its average volume of 231,431. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $684.51 million, a P/E ratio of -30.58 and a beta of -0.09. The stock's 50-day moving average price is $22.44 and its 200 day moving average price is $22.54. Vitesse Energy, Inc. has a one year low of $16.83 and a one year high of $27.39.
Vitesse Energy (NYSE:VTS - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $69.30 million during the quarter, compared to the consensus estimate of $63.83 million. Vitesse Energy had a negative net margin of 9.22% and a negative return on equity of 2.89%. Equities analysts expect that Vitesse Energy, Inc. will post 1.27 EPS for the current fiscal year.
Vitesse Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.61%. The ex-dividend date was Thursday, March 14th. Vitesse Energy's payout ratio is presently -263.16%.
Vitesse Energy Company Profile
(
Free Report)
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.
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