Vitesse Energy, Inc. (NYSE:VTS) Stock Position Lowered by Monetary Management Group Inc.

Monetary Management Group Inc. cut its stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 79.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the company's stock after selling 14,500 shares during the period. Monetary Management Group Inc.'s holdings in Vitesse Energy were worth $95,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VTS. Raymond James Financial Inc. acquired a new stake in shares of Vitesse Energy in the 4th quarter valued at about $569,000. Legal & General Group Plc lifted its holdings in Vitesse Energy by 4.1% during the 4th quarter. Legal & General Group Plc now owns 30,793 shares of the company's stock worth $770,000 after buying an additional 1,219 shares during the last quarter. Invesco Ltd. grew its position in shares of Vitesse Energy by 5.8% in the 4th quarter. Invesco Ltd. now owns 76,837 shares of the company's stock worth $1,921,000 after acquiring an additional 4,224 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vitesse Energy during the 4th quarter valued at approximately $739,000. Finally, Wells Fargo & Company MN lifted its stake in Vitesse Energy by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 126,387 shares of the company's stock worth $3,160,000 after purchasing an additional 2,431 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Performance

Shares of NYSE:VTS traded up $0.68 on Wednesday, hitting $20.68. The company's stock had a trading volume of 131,709 shares, compared to its average volume of 265,452. Vitesse Energy, Inc. has a 12 month low of $18.90 and a 12 month high of $28.41. The stock's 50-day moving average is $24.14 and its two-hundred day moving average is $25.47. 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 company has a market capitalization of $797.79 million, a price-to-earnings ratio of 14.16 and a beta of 0.56.

Vitesse Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were paid a dividend of $0.5625 per share. This is a boost from Vitesse Energy's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, March 21st. This represents a $2.25 annualized dividend and a yield of 10.88%. Vitesse Energy's dividend payout ratio (DPR) is presently 351.56%.

Analyst Ratings Changes

A number of analysts have weighed in on VTS shares. Northland Securities increased their target price on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, January 16th. Alliance Global Partners raised Vitesse Energy from a "neutral" rating to a "buy" rating and upped their target price for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Roth Mkm boosted their price objective on Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Northland Capmk raised Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th. Finally, Evercore ISI reissued an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Vitesse Energy presently has an average rating of "Buy" and an average 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.