State of Wyoming Makes New Investment in Vitesse Energy, Inc. $VTS

State of Wyoming purchased a new position in shares of Vitesse Energy, Inc. (NYSE:VTS) in the third quarter, HoldingsChannel reports. The fund purchased 43,390 shares of the company’s stock, valued at approximately $725,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Vitesse Energy by 15.4% in the third quarter. Signaturefd LLC now owns 4,109 shares of the company’s stock valued at $69,000 after purchasing an additional 548 shares during the period. GAMMA Investing LLC raised its stake in shares of Vitesse Energy by 150.3% in the third quarter. GAMMA Investing LLC now owns 3,334 shares of the company’s stock worth $56,000 after purchasing an additional 2,002 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Vitesse Energy by 458.6% in the third quarter. Farther Finance Advisors LLC now owns 1,877 shares of the company’s stock worth $31,000 after purchasing an additional 1,541 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Vitesse Energy by 3,545.7% during the third quarter. Versant Capital Management Inc now owns 2,552 shares of the company’s stock worth $43,000 after purchasing an additional 2,482 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Vitesse Energy during the second quarter worth about $30,000. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Price Performance

NYSE:VTS opened at $18.37 on Friday. The firm’s fifty day moving average is $17.56 and its two-hundred day moving average is $18.00. The firm has a market cap of $773.38 million, a price-to-earnings ratio of -55.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.06 and a current ratio of 1.06. Vitesse Energy, Inc. has a one year low of $15.00 and a one year high of $22.91.

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Tuesday, December 15th. Vitesse Energy’s payout ratio is -530.30%.

Wall Street Analyst Weigh In

VTS has been the topic of a number of recent research reports. Zacks Research upgraded Vitesse Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Citigroup reissued an “outperform” rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Northland Securities set a $20.50 price objective on shares of Vitesse Energy in a research note on Thursday, September 17th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Vitesse Energy in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Vitesse Energy has a consensus rating of “Hold” and a consensus target price of $20.50.

Vitesse Energy Company Profile

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.