Vitesse Energy, Inc. $VTS Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors trimmed its position in Vitesse Energy, Inc. (NYSE:VTS) by 12.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,850 shares of the company’s stock after selling 2,900 shares during the quarter. Optimum Investment Advisors’ holdings in Vitesse Energy were worth $461,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SouthState Corp acquired a new stake in Vitesse Energy in the 1st quarter worth about $25,000. Parallel Advisors LLC boosted its holdings in Vitesse Energy by 74.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock worth $29,000 after buying an additional 557 shares during the last quarter. CWM LLC boosted its holdings in shares of Vitesse Energy by 138.8% during the 2nd quarter. CWM LLC now owns 1,827 shares of the company’s stock worth $40,000 after purchasing an additional 1,062 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Vitesse Energy by 415.7% during the 2nd quarter. Signaturefd LLC now owns 2,393 shares of the company’s stock worth $53,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Vitesse Energy during the 1st quarter worth approximately $54,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VTS. Evercore ISI lowered their target price on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Vitesse Energy in a report on Friday. Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Vitesse Energy Stock Up 0.3%

VTS stock opened at $21.96 on Friday. The firm has a market cap of $847.88 million, a PE ratio of 20.72 and a beta of 0.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $24.18 and its 200-day moving average price is $23.17. Vitesse Energy, Inc. has a one year low of $18.90 and a one year high of $28.41.

Vitesse Energy (NYSE:VTS) last released its quarterly earnings results on Monday, August 4th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.10 by $0.50. The firm had revenue of $81.76 million for the quarter, compared to analyst estimates of $69.78 million. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. On average, equities research analysts anticipate that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend was Monday, September 15th. Vitesse Energy’s payout ratio is presently 212.26%.

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.