Raymond James Financial Inc. Buys New Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Raymond James Financial Inc. purchased a new stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,743 shares of the company's stock, valued at approximately $569,000. Raymond James Financial Inc. owned approximately 0.08% of Vitesse Energy as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of Vitesse Energy during the fourth quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vitesse Energy in the third quarter worth $78,000. R Squared Ltd acquired a new position in Vitesse Energy during the fourth quarter valued at approximately $79,000. KLP Kapitalforvaltning AS acquired a new position in Vitesse Energy during the fourth quarter worth $104,000. Finally, AlphaQuest LLC raised its holdings in shares of Vitesse Energy by 415.4% in the 4th quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock valued at $184,000 after purchasing an additional 5,944 shares during the period. Institutional investors and hedge funds own 51.63% of the company's stock.

Vitesse Energy Price Performance

VTS traded up $0.37 during trading on Friday, reaching $21.53. The stock had a trading volume of 273,301 shares, compared to its average volume of 213,586. The business has a 50-day moving average of $22.30 and a 200-day moving average of $24.95. Vitesse Energy, Inc. has a one year low of $18.90 and a one year 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 market cap of $831.36 million, a PE ratio of 14.75 and a beta of 0.67.

Vitesse Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.5625 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 10.45%. Vitesse Energy's dividend payout ratio is currently 284.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VTS shares. Evercore ISI reissued an "in-line" rating and issued a $28.00 target price on shares of Vitesse Energy in a research report on Wednesday, March 19th. Roth Mkm boosted their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Northland Capmk raised shares of Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th. Finally, Northland Securities lifted their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Vitesse Energy currently has an average rating of "Buy" and an average price target of $30.25.

About Vitesse Energy

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.