Optimum Investment Advisors Buys 700 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Optimum Investment Advisors raised its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,450 shares of the company’s stock after buying an additional 700 shares during the period. Optimum Investment Advisors’ holdings in Vitesse Energy were worth $563,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VTS. Heritage Wealth Management Inc. acquired a new stake in shares of Vitesse Energy in the second quarter valued at about $503,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Vitesse Energy in the first quarter valued at about $736,000. Dimensional Fund Advisors LP grew its position in shares of Vitesse Energy by 18.8% in the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after purchasing an additional 144,166 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Vitesse Energy during the second quarter worth about $281,000. Finally, WINTON GROUP Ltd grew its position in Vitesse Energy by 57.5% during the second quarter. WINTON GROUP Ltd now owns 59,580 shares of the company’s stock worth $1,412,000 after buying an additional 21,754 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vitesse Energy

In related news, CEO Robert W. Gerrity acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $24.73 per share, with a total value of $247,300.00. Following the completion of the acquisition, the chief executive officer now owns 495,311 shares of the company’s stock, valued at $12,249,041.03. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 15.80% of the company’s stock.

Vitesse Energy Stock Up 0.9 %

VTS stock opened at $25.36 on Friday. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $26.68. The company has a market cap of $746.85 million, a PE ratio of 28.82 and a beta of 0.23. The business’s 50-day simple moving average is $24.81 and its 200 day simple moving average is $24.34. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

Vitesse Energy (NYSE:VTS) last released its earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Vitesse Energy had a return on equity of 7.94% and a net margin of 10.78%. The firm had revenue of $66.60 million for the quarter, compared to analyst estimates of $63.89 million. On average, research analysts anticipate that Vitesse Energy, Inc. will post 1.4 earnings per share for the current year.

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend was Monday, September 16th. Vitesse Energy’s payout ratio is 238.64%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners decreased their target price on Vitesse Energy from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th.

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.