19,860 Shares in Vitesse Energy, Inc. (NYSE:VTS) Bought by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. bought a new position in Vitesse Energy, Inc. (NYSE:VTS) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 19,860 shares of the company’s stock, valued at approximately $435,000. Cornercap Investment Counsel Inc. owned 0.07% of Vitesse Energy as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. GoodHaven Capital Management LLC grew its holdings in Vitesse Energy by 13.8% in the 3rd quarter. GoodHaven Capital Management LLC now owns 265,635 shares of the company’s stock worth $6,080,000 after acquiring an additional 32,211 shares during the last quarter. Ancora Advisors LLC grew its holdings in Vitesse Energy by 144.7% in the 3rd quarter. Ancora Advisors LLC now owns 108,969 shares of the company’s stock worth $2,494,000 after acquiring an additional 64,444 shares during the last quarter. SG Americas Securities LLC bought a new stake in Vitesse Energy in the 3rd quarter worth $1,205,000. Swiss National Bank grew its holdings in Vitesse Energy by 8.2% in the 3rd quarter. Swiss National Bank now owns 53,844 shares of the company’s stock worth $1,232,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Vitesse Energy in the 3rd quarter worth $1,068,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Price Performance

Shares of Vitesse Energy stock opened at $22.85 on Thursday. The firm has a market cap of $673.02 million, a PE ratio of -30.07 and a beta of -0.09. Vitesse Energy, Inc. has a 12-month low of $16.83 and a 12-month high of $27.39. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $22.87 and its two-hundred day simple moving average is $22.58.

Vitesse Energy (NYSE:VTS) last announced its earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). Vitesse Energy had a negative net margin of 9.22% and a negative return on equity of 2.89%. The company had revenue of $69.30 million for the quarter, compared to the consensus estimate of $63.83 million. As a group, equities analysts expect that Vitesse Energy, Inc. will post 1.27 EPS for the current year.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 8.75%. Vitesse Energy’s dividend payout ratio (DPR) is presently -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.