Vitesse Energy, Inc. (NYSE:VTS) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its position in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 614,078 shares of the company's stock after purchasing an additional 96,463 shares during the quarter. American Century Companies Inc. owned 2.08% of Vitesse Energy worth $15,352,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Vitesse Energy in the 3rd quarter valued at $34,000. Wilmington Savings Fund Society FSB acquired a new position in Vitesse Energy in the 3rd quarter valued at about $78,000. R Squared Ltd purchased a new stake in Vitesse Energy during the fourth quarter worth about $79,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Vitesse Energy by 143.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company's stock worth $150,000 after purchasing an additional 3,679 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Vitesse Energy by 415.4% in the fourth 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. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Stock Down 9.5 %

Shares of VTS traded down $2.28 during midday trading on Friday, reaching $21.68. The stock had a trading volume of 777,197 shares, compared to its average volume of 195,960. The company has a market cap of $836.37 million, a price-to-earnings ratio of 14.85 and a beta of 0.56. The company's fifty day simple moving average is $25.20 and its two-hundred day simple moving average is $25.73. Vitesse Energy, Inc. has a 1-year low of $21.31 and a 1-year 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.

Vitesse Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 10.38%. This is an increase from Vitesse Energy's previous quarterly dividend of $0.53. The ex-dividend date was Friday, March 21st. Vitesse Energy's payout ratio is 351.56%.

Insider Transactions at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, the chief accounting officer now owns 81,615 shares of the company's stock, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael Sabol sold 6,714 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the completion of the transaction, the vice president now owns 63,411 shares of the company's stock, valued at approximately $1,693,073.70. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VTS shares. Alliance Global Partners raised shares of Vitesse Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th. Roth Mkm upped their price objective on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday. Evercore ISI reiterated an "in-line" rating and issued a $28.00 target price on shares of Vitesse Energy in a report on Wednesday, March 19th. Northland Capmk upgraded Vitesse Energy to a "strong-buy" rating in a report on Thursday, January 16th. Finally, Northland Securities lifted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, January 16th. One research 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 company's stock. According to MarketBeat, Vitesse Energy currently has an average rating of "Buy" and a consensus 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.