Oxbow Advisors LLC Purchases 6,262 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Oxbow Advisors LLC raised its position in Vitesse Energy, Inc. (NYSE:VTS) by 32.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,537 shares of the company’s stock after purchasing an additional 6,262 shares during the quarter. Oxbow Advisors LLC owned 0.09% of Vitesse Energy worth $605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VTS. Los Angeles Capital Management LLC bought a new position in shares of Vitesse Energy during the second quarter valued at approximately $230,000. Cullen Frost Bankers Inc. purchased a new position in Vitesse Energy during the 2nd quarter valued at $36,000. Rhumbline Advisers boosted its holdings in Vitesse Energy by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 42,572 shares of the company’s stock valued at $1,009,000 after acquiring an additional 1,257 shares during the period. Mraz Amerine & Associates Inc. increased its stake in Vitesse Energy by 2.0% in the second quarter. Mraz Amerine & Associates Inc. now owns 138,819 shares of the company’s stock worth $3,290,000 after purchasing an additional 2,743 shares during the period. Finally, nVerses Capital LLC purchased a new stake in Vitesse Energy in the second quarter worth $26,000. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Trading Down 1.2 %

Shares of Vitesse Energy stock traded down $0.29 on Friday, hitting $24.33. 182,159 shares of the company traded hands, compared to its average volume of 198,814. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a market cap of $716.64 million, a PE ratio of 28.96 and a beta of 0.24. The stock’s 50 day moving average price is $24.82 and its 200-day moving average price is $24.00. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $26.68.

Vitesse Energy (NYSE:VTS) last issued its earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Vitesse Energy had a return on equity of 7.94% and a net margin of 10.78%. The firm had revenue of $66.60 million during the quarter, compared to analysts’ expectations of $63.89 million. Equities research analysts predict that Vitesse Energy, Inc. will post 1.4 EPS for the current year.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Monday, September 16th. Vitesse Energy’s dividend payout ratio (DPR) is presently 250.00%.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners cut their price target on shares of Vitesse Energy from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

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.