Vitesse Energy (NYSE:VTS) Trading 2.7% Higher

Vitesse Energy, Inc. (NYSE:VTS)’s stock price traded up 2.7% on Monday . The stock traded as high as $24.13 and last traded at $24.01. 161,840 shares changed hands during trading, a decline of 29% from the average session volume of 228,010 shares. The stock had previously closed at $23.38.

Vitesse Energy Trading Down 0.4 %

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $679.12 million, a P/E ratio of -30.47 and a beta of -0.09. The business has a 50 day moving average price of $22.81 and a 200 day moving average price of $22.58.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.46 EPS 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 during the quarter, compared to the consensus estimate of $63.83 million. Analysts anticipate that Vitesse Energy, Inc. will post 1.27 EPS for the current year.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 8.67%. Vitesse Energy’s dividend payout ratio (DPR) is currently -263.16%.

Institutional Trading of Vitesse Energy

Hedge funds have recently bought and sold shares of the stock. GoodHaven Capital Management LLC grew its stake in shares of Vitesse Energy by 13.8% during 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 in the last quarter. Ancora Advisors LLC grew its stake in shares of Vitesse Energy by 144.7% during 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of Vitesse Energy during the 3rd quarter worth approximately $1,205,000. Swiss National Bank grew its stake in shares of Vitesse Energy by 8.2% during 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 in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Vitesse Energy in the third quarter valued at $1,068,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.

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.