Vitesse Energy (NYSE:VTS) Trading 2.7% Higher

Shares of Vitesse Energy, Inc. (NYSE:VTS) rose 2.7% on Monday . The stock traded as high as $24.13 and last traded at $24.01. Approximately 161,840 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 228,010 shares. The stock had previously closed at $23.38.

Vitesse Energy Stock Down 0.4 %

The stock has a market cap of $679.12 million, a PE ratio of -30.47 and a beta of -0.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.97. The company has a 50 day moving average price of $22.81 and a two-hundred day moving average price of $22.58.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The firm had revenue of $69.30 million for the quarter, compared to analysts’ expectations of $63.83 million. Vitesse Energy had a negative net margin of 9.22% and a negative return on equity of 2.89%. Analysts expect that Vitesse Energy, Inc. will post 1.27 EPS for the current year.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date was Thursday, March 14th. Vitesse Energy’s dividend payout ratio (DPR) is presently -263.16%.

Institutional Trading of Vitesse Energy

A number of hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC increased its position in Vitesse Energy by 0.7% during the third quarter. Gabelli Funds LLC now owns 69,341 shares of the company’s stock valued at $1,587,000 after acquiring an additional 500 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Vitesse Energy by 1.9% during the third quarter. Oppenheimer & Co. Inc. now owns 28,953 shares of the company’s stock valued at $663,000 after purchasing an additional 537 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Vitesse Energy by 6.5% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,750 shares of the company’s stock valued at $389,000 after purchasing an additional 1,084 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Vitesse Energy by 2,089.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,248 shares of the company’s stock worth $27,000 after acquiring an additional 1,191 shares during the period. Finally, Quent Capital LLC boosted its stake in shares of Vitesse Energy by 41.6% in the fourth quarter. Quent Capital LLC now owns 4,378 shares of the company’s stock worth $96,000 after acquiring an additional 1,286 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

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.