Vitesse Energy, Inc. (VTS) to Issue Quarterly Dividend of $0.44 on September 30th

Vitesse Energy, Inc. (NYSE:VTS) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.4375 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Vitesse Energy has a payout ratio of 160.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Vitesse Energy to earn $0.03 per share next year, which means the company may not be able to cover its $1.75 annual dividend with an expected future payout ratio of 5,833.3%.

Vitesse Energy Trading Up 0.7%

Shares of NYSE VTS opened at $18.78 on Friday. Vitesse Energy has a twelve month low of $15.00 and a twelve month high of $25.83. The firm has a market cap of $790.60 million, a PE ratio of -56.91 and a beta of 0.60. The business has a fifty day simple moving average of $16.42 and a two-hundred day simple moving average of $17.55. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25.

Insider Buying and Selling at Vitesse Energy

In other news, Director Joseph Steinberg purchased 40,882 shares of the stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $16.16 per share, for a total transaction of $660,653.12. Following the acquisition, the director owned 108,500 shares of the company’s stock, valued at approximately $1,753,360. This represents a 60.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.94% of the company’s stock.

Institutional Investors Weigh In On Vitesse Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in Vitesse Energy in the second quarter worth $30,000. Strs Ohio acquired a new stake in shares of Vitesse Energy in the 1st quarter worth $54,000. Whittier Trust Co. of Nevada Inc. grew its stake in Vitesse Energy by 359.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock worth $54,000 after buying an additional 2,307 shares during the last quarter. Osaic Holdings Inc. increased its position in Vitesse Energy by 43.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,529 shares of the company’s stock valued at $78,000 after buying an additional 1,069 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Vitesse Energy by 179.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company’s stock valued at $84,000 after buying an additional 2,432 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Company Profile

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.