Vitesse Energy, Inc. (NYSE:VTS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 10.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 267,243 shares of the company’s stock after purchasing an additional 25,482 shares during the period. JPMorgan Chase & Co.’s holdings in Vitesse Energy were worth $6,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VTS. American Century Companies Inc. lifted its holdings in shares of Vitesse Energy by 18.6% during the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company’s stock valued at $15,352,000 after acquiring an additional 96,463 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Vitesse Energy by 1.7% during the third quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock worth $13,988,000 after purchasing an additional 9,724 shares in the last quarter. GoodHaven Capital Management LLC lifted its stake in shares of Vitesse Energy by 8.0% during the fourth quarter. GoodHaven Capital Management LLC now owns 530,865 shares of the company’s stock worth $13,272,000 after purchasing an additional 39,340 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Vitesse Energy by 61.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after buying an additional 110,830 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Vitesse Energy by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company’s stock valued at $6,611,000 after buying an additional 1,566 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th. Evercore ISI reissued an “in-line” rating and set a $28.00 target price on shares of Vitesse Energy in a research report on Wednesday, March 19th. Northland Securities raised their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, 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 report on Wednesday, April 2nd. One investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $30.25.

Vitesse Energy Stock Performance

Shares of VTS opened at $21.08 on Friday. The firm has a market cap of $813.22 million, a price-to-earnings ratio of 14.44 and a beta of 0.56. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $23.92 and its two-hundred day moving average is $25.42. Vitesse Energy, Inc. has a 52-week low of $18.90 and a 52-week high of $28.41.

Vitesse Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were issued a $0.5625 dividend. The ex-dividend date was Friday, March 21st. This is a boost from Vitesse Energy’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a yield of 10.67%. Vitesse Energy’s dividend payout ratio is currently 351.56%.

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.