Vitesse Energy, Inc. (NYSE:VTS – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $23.12, but opened at $23.98. Vitesse Energy shares last traded at $24.14, with a volume of 50,515 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Alliance Global Partners reduced their price objective on shares of Vitesse Energy from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th.
View Our Latest Stock Report on Vitesse Energy
Vitesse Energy Trading Up 5.8 %
Vitesse Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 8.59%. The ex-dividend date of this dividend is Monday, September 16th. Vitesse Energy’s dividend payout ratio (DPR) is presently 250.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Vitesse Energy in the 2nd quarter valued at $26,000. International Assets Investment Management LLC boosted its position in 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 valued at $27,000 after buying an additional 1,191 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Vitesse Energy during the second quarter worth about $36,000. Bfsg LLC acquired a new stake in shares of Vitesse Energy during the fourth quarter worth approximately $35,000. Finally, Security National Bank bought a new position in shares of Vitesse Energy in the fourth quarter valued at approximately $37,000. Institutional investors own 51.63% of the company’s stock.
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.
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