WINTON GROUP Ltd Has $1.41 Million Position in Vitesse Energy, Inc. (NYSE:VTS)

WINTON GROUP Ltd grew its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 57.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,580 shares of the company’s stock after purchasing an additional 21,754 shares during the quarter. WINTON GROUP Ltd owned approximately 0.20% of Vitesse Energy worth $1,412,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC acquired a new stake in Vitesse Energy during the 4th quarter worth approximately $3,266,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Vitesse Energy during the first quarter worth $736,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Vitesse Energy in the second quarter worth $281,000. Oppenheimer Asset Management Inc. grew its stake in shares of Vitesse Energy by 13.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 17,744 shares of the company’s stock worth $421,000 after purchasing an additional 2,107 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Vitesse Energy in the second quarter valued at $3,430,000. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Performance

Shares of Vitesse Energy stock opened at $24.59 on Monday. The business has a 50-day moving average price of $24.81 and a two-hundred day moving average price of $24.11. Vitesse Energy, Inc. has a 1-year low of $19.63 and a 1-year high of $26.68. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a market cap of $724.30 million, a P/E ratio of 29.27 and a beta of 0.24.

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

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, September 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.54%. Vitesse Energy’s payout ratio is presently 250.00%.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners reduced their price target 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.