Vitesse Energy (NYSE:VTS) Hits New 12-Month High at $25.98

Vitesse Energy, Inc. (NYSE:VTS) hit a new 52-week high during trading on Monday . The stock traded as high as $25.98 and last traded at $25.95, with a volume of 120777 shares. The stock had previously closed at $24.98.

Vitesse Energy Stock Performance

The firm’s 50 day simple moving average is $24.35 and its 200-day simple moving average is $23.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $776.14 million, a price-to-earnings ratio of 31.07 and a beta of 0.27.

Vitesse Energy (NYSE:VTS) last released its earnings results on Monday, May 6th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Vitesse Energy had a net margin of 10.92% and a return on equity of 7.87%. The firm had revenue of $61.19 million for the quarter, compared to analyst estimates of $61.05 million. On average, sell-side analysts predict that Vitesse Energy, Inc. will post 1.46 EPS for the current year.

Vitesse Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.97%. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, June 14th. Vitesse Energy’s dividend payout ratio (DPR) is presently 250.00%.

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cove Street Capital LLC raised its stake in shares of Vitesse Energy by 1,356.0% during the 4th quarter. Cove Street Capital LLC now owns 278,263 shares of the company’s stock worth $6,091,000 after purchasing an additional 259,151 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Vitesse Energy during the 4th quarter worth approximately $3,266,000. Harbor Capital Advisors Inc. raised its position in Vitesse Energy by 621.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 72,797 shares of the company’s stock valued at $1,725,000 after purchasing an additional 62,702 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Vitesse Energy by 2.6% during the third quarter. Vanguard Group Inc. now owns 2,449,798 shares of the company’s stock worth $56,076,000 after acquiring an additional 62,599 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Vitesse Energy during the second quarter worth $1,287,000. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

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.