Price T Rowe Associates Inc. MD Increases Position in Vitesse Energy, Inc. (NYSE:VTS)

Price T Rowe Associates Inc. MD lifted its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 6.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,090 shares of the company’s stock after buying an additional 1,882 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.10% of Vitesse Energy worth $728,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VTS. one8zero8 LLC purchased a new stake in shares of Vitesse Energy during the fourth quarter worth about $3,330,000. Dimensional Fund Advisors LP boosted its position in shares of Vitesse Energy by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company’s stock worth $29,031,000 after acquiring an additional 125,988 shares during the last quarter. Marshall Wace LLP grew its stake in Vitesse Energy by 877.8% during the fourth quarter. Marshall Wace LLP now owns 121,468 shares of the company’s stock valued at $3,037,000 after acquiring an additional 109,046 shares in the last quarter. American Century Companies Inc. increased its holdings in Vitesse Energy by 18.6% in 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 during the last quarter. Finally, GoodHaven Capital Management LLC lifted its stake in Vitesse Energy by 8.0% in the 4th 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. Institutional investors own 51.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VTS shares. Roth Mkm lifted their target price on Vitesse Energy from $30.50 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Northland Capmk upgraded shares of 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 price objective on shares of Vitesse Energy in a research note on Wednesday, March 19th. Finally, 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $30.25.

Vitesse Energy Price Performance

Shares of VTS stock opened at $21.53 on Monday. 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 stock has a 50 day moving average price of $22.30 and a 200 day moving average price of $24.95. Vitesse Energy, Inc. has a 52-week low of $18.90 and a 52-week high of $28.41. The firm has a market capitalization of $831.36 million, a P/E ratio of 14.75 and a beta of 0.67.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 10.45%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy’s dividend payout ratio is presently 284.81%.

Vitesse Energy 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.