Bfsg LLC Invests $35,000 in Vitesse Energy, Inc. (NYSE:VTS)

Bfsg LLC purchased a new stake in Vitesse Energy, Inc. (NYSE:VTS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,591 shares of the company’s stock, valued at approximately $35,000.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Vitesse Energy during the 3rd quarter valued at $1,205,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Vitesse Energy in the third quarter valued at $233,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Vitesse Energy in the third quarter valued at $235,000. Punch & Associates Investment Management Inc. grew its position in shares of Vitesse Energy by 4.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 498,619 shares of the company’s stock valued at $11,413,000 after purchasing an additional 22,957 shares in the last quarter. Finally, Inlet Private Wealth LLC grew its position in shares of Vitesse Energy by 286.2% in the third quarter. Inlet Private Wealth LLC now owns 46,151 shares of the company’s stock valued at $1,056,000 after purchasing an additional 34,201 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Price Performance

Shares of NYSE VTS opened at $22.77 on Friday. Vitesse Energy, Inc. has a fifty-two week low of $16.83 and a fifty-two week high of $27.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $23.09 and a 200-day moving average of $22.63.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $69.30 million during 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%. Sell-side analysts forecast that Vitesse Energy, Inc. will post 1.27 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 8.78%. The ex-dividend date was Thursday, March 14th. Vitesse Energy’s payout ratio is -263.16%.

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.