Oxbow Advisors LLC Has $647,000 Position in Vitesse Energy, Inc. (NYSE:VTS)

Oxbow Advisors LLC boosted its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,949 shares of the company’s stock after buying an additional 1,412 shares during the quarter. Oxbow Advisors LLC owned approximately 0.09% of Vitesse Energy worth $647,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Vitesse Energy by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after acquiring an additional 144,166 shares during the period. LSV Asset Management grew its position in shares of Vitesse Energy by 2.2% during the 2nd quarter. LSV Asset Management now owns 388,397 shares of the company’s stock worth $9,205,000 after buying an additional 8,185 shares during the period. American Century Companies Inc. grew its position in shares of Vitesse Energy by 267.2% during the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock worth $6,769,000 after buying an additional 207,831 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Vitesse Energy by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 277,465 shares of the company’s stock worth $6,576,000 after buying an additional 7,513 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Vitesse Energy by 146.9% in the third quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock valued at $4,317,000 after buying an additional 106,927 shares during the period. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Trading Down 1.3 %

NYSE VTS traded down $0.36 on Friday, reaching $27.26. The company had a trading volume of 174,078 shares, compared to its average volume of 195,920. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $27.85. The stock’s 50 day moving average is $25.00 and its 200-day moving average is $24.58. The company has a quick ratio of 0.83, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market cap of $805.26 million, a price-to-earnings ratio of 18.67 and a beta of 0.22.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s dividend payout ratio is currently 143.84%.

Insider Buying and Selling at Vitesse Energy

In other news, CEO Robert W. Gerrity acquired 10,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the transaction, the chief executive officer now directly owns 495,311 shares in the company, valued at approximately $12,249,041.03. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 15.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lowered shares of Vitesse Energy from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Wednesday.

Vitesse Energy 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.