10,500 Shares in Vitesse Energy, Inc. (NYSE:VTS) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new position in Vitesse Energy, Inc. (NYSE:VTS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,500 shares of the company’s stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTS. Inlet Private Wealth LLC grew its position in Vitesse Energy by 0.7% during the 4th quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company’s stock worth $1,491,000 after purchasing an additional 400 shares during the period. Principal Financial Group Inc. grew its position in Vitesse Energy by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock worth $220,000 after purchasing an additional 418 shares during the period. Rhumbline Advisers grew its position in Vitesse Energy by 1.6% during the 4th quarter. Rhumbline Advisers now owns 41,929 shares of the company’s stock worth $1,048,000 after purchasing an additional 660 shares during the period. JPMorgan Chase & Co. grew its position in Vitesse Energy by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock worth $5,807,000 after purchasing an additional 853 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Vitesse Energy during the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Price Performance

NYSE:VTS opened at $22.07 on Tuesday. Vitesse Energy, Inc. has a 52 week low of $18.90 and a 52 week high of $28.41. 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 stock has a market capitalization of $852.13 million, a PE ratio of 15.12 and a beta of 0.67. The stock’s 50-day moving average price is $22.26 and its 200-day moving average price is $24.93.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 10.20%. The ex-dividend date is Monday, June 16th. Vitesse Energy’s payout ratio is 284.81%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VTS shares. Evercore ISI reaffirmed an “in-line” rating and set a $28.00 price target on shares of Vitesse Energy in a research report on Wednesday, March 19th. Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th. Roth Mkm raised their target price on Vitesse Energy from $30.50 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Finally, Northland Securities raised their target price on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price 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.