Raymond James Financial Inc. Acquires Shares of 22,743 Vitesse Energy, Inc. (NYSE:VTS)

Raymond James Financial Inc. purchased a new stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,743 shares of the company's stock, valued at approximately $569,000. Raymond James Financial Inc. owned about 0.08% of Vitesse Energy as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. American Century Companies Inc. lifted its position in Vitesse Energy by 18.6% in the fourth quarter. American Century Companies Inc. now owns 614,078 shares of the company's stock valued at $15,352,000 after buying an additional 96,463 shares during the last quarter. GoodHaven Capital Management LLC lifted its holdings in shares of Vitesse Energy by 8.0% in the 4th quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company's stock worth $13,272,000 after acquiring an additional 39,340 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position 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 worth $7,264,000 after purchasing an additional 110,830 shares during the period. JPMorgan Chase & Co. increased its holdings in Vitesse Energy by 10.5% in the 4th quarter. JPMorgan Chase & Co. now owns 267,243 shares of the company's stock valued at $6,681,000 after purchasing an additional 25,482 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Vitesse Energy by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company's stock valued at $6,611,000 after purchasing an additional 1,566 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Stock Down 0.7%

Shares of VTS traded down $0.17 during mid-day trading on Wednesday, reaching $22.60. The company's stock had a trading volume of 67,438 shares, compared to its average volume of 278,081. The stock has a market cap of $872.68 million, a PE ratio of 15.47 and a beta of 0.67. Vitesse Energy, Inc. has a 12-month low of $18.90 and a 12-month high of $28.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The company's 50 day moving average is $22.24 and its 200 day moving average is $24.91.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.5625 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.25 dividend on an annualized basis and a yield of 9.96%. Vitesse Energy's dividend payout ratio (DPR) is presently 284.81%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Northland Capmk upgraded Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th. Roth Mkm raised their target price on Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Evercore ISI reiterated an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a research note on Wednesday, March 19th. Northland Securities increased their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an "outperform" rating in a research report on Thursday, January 16th. Finally, Alliance Global Partners initiated coverage on shares of Vitesse Energy in a report on Wednesday. They issued a "buy" rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $29.50.

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.