Dimensional Fund Advisors LP Purchases 125,988 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Dimensional Fund Advisors LP grew its stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 12.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,161,250 shares of the company's stock after acquiring an additional 125,988 shares during the quarter. Dimensional Fund Advisors LP owned 3.93% of Vitesse Energy worth $29,031,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP boosted its holdings in Vitesse Energy by 1.3% in the fourth quarter. First Trust Advisors LP now owns 213,339 shares of the company's stock worth $5,333,000 after acquiring an additional 2,749 shares in the last quarter. Marshall Wace LLP boosted its holdings in Vitesse Energy by 877.8% in the fourth quarter. Marshall Wace LLP now owns 121,468 shares of the company's stock worth $3,037,000 after acquiring an additional 109,046 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Vitesse Energy by 2.4% during the fourth quarter. Gabelli Funds LLC now owns 73,535 shares of the company's stock valued at $1,838,000 after purchasing an additional 1,750 shares in the last quarter. Jump Financial LLC bought a new position in shares of Vitesse Energy during the fourth quarter valued at $509,000. Finally, Barclays PLC lifted its holdings in shares of Vitesse Energy by 8.7% during the fourth quarter. Barclays PLC now owns 42,951 shares of the company's stock valued at $1,074,000 after purchasing an additional 3,423 shares in the last quarter. 51.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VTS has been the topic of a number of research analyst reports. Northland Capmk raised Vitesse Energy to a "strong-buy" rating in a report on Thursday, January 16th. Roth Mkm upped their price target on Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Northland Securities upped their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th. Finally, Evercore ISI reiterated an "in-line" rating and set a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $30.25.

Vitesse Energy Price Performance

Shares of VTS stock traded up $0.37 on Friday, reaching $21.53. The company's stock had a trading volume of 273,301 shares, compared to its average volume of 213,586. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $22.30 and its 200-day simple moving average is $24.95. The company has a market capitalization of $831.36 million, a price-to-earnings ratio of 14.75 and a beta of 0.67. Vitesse Energy, Inc. has a 1 year low of $18.90 and a 1 year high of $28.41.

Vitesse Energy Announces Dividend

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

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.