Parallel Advisors LLC Acquires 557 Shares of Vitesse Energy, Inc. $VTS

Parallel Advisors LLC boosted its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 74.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,303 shares of the company’s stock after purchasing an additional 557 shares during the period. Parallel Advisors LLC’s holdings in Vitesse Energy were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Vitesse Energy in the first quarter worth $10,296,000. Millennium Management LLC boosted its position in Vitesse Energy by 241.7% in the 1st quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock worth $4,415,000 after purchasing an additional 126,991 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Vitesse Energy by 31.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 382,753 shares of the company’s stock valued at $9,412,000 after purchasing an additional 92,199 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Vitesse Energy by 14.8% in the 1st quarter. American Century Companies Inc. now owns 705,080 shares of the company’s stock worth $17,338,000 after acquiring an additional 91,002 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Vitesse Energy by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company’s stock valued at $61,856,000 after acquiring an additional 60,476 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Analyst Ratings Changes

VTS has been the topic of a number of recent analyst reports. Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research upgraded Vitesse Energy to a “strong-buy” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Vitesse Energy Trading Up 1.0%

Shares of VTS stock opened at $24.17 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16. Vitesse Energy, Inc. has a 12-month low of $18.90 and a 12-month high of $28.41. The firm has a 50 day moving average price of $25.00 and a two-hundred day moving average price of $23.29. The company has a market capitalization of $933.20 million, a PE ratio of 22.80 and a beta of 0.68.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.50. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. The company had revenue of $81.76 million for the quarter, compared to analyst estimates of $69.78 million. As a group, analysts predict that Vitesse Energy, Inc. will post 1.05 earnings per share for the current year.

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.5625 per share. The ex-dividend date is Monday, September 15th. This represents a $2.25 annualized dividend and a dividend yield of 9.3%. Vitesse Energy’s dividend payout ratio (DPR) is 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.