CWA Asset Management Group LLC Takes Position in Vitesse Energy, Inc. (NYSE:VTS)

CWA Asset Management Group LLC purchased a new position in Vitesse Energy, Inc. (NYSE:VTS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,212 shares of the company’s stock, valued at approximately $1,326,000. CWA Asset Management Group LLC owned 0.19% of Vitesse Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in Vitesse Energy in the second quarter worth $26,000. International Assets Investment Management LLC grew its holdings in shares of Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after purchasing an additional 1,312 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Vitesse Energy in the 2nd quarter worth about $36,000. Quent Capital LLC increased its stake in Vitesse Energy by 25.7% in the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after buying an additional 1,141 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Vitesse Energy during the 2nd quarter valued at about $230,000. 51.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Vitesse Energy Trading Down 1.3 %

VTS opened at $27.26 on Friday. 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’s fifty day moving average is $25.00 and its two-hundred day moving average is $24.59. The company has a market capitalization of $805.26 million, a P/E ratio of 18.67 and a beta of 0.22. Vitesse Energy, Inc. has a 52 week low of $19.63 and a 52 week high of $27.85.

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 $0.525 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.10 annualized dividend and a dividend yield of 7.70%. Vitesse Energy’s payout ratio is currently 143.84%.

Insider Buying and Selling

In other Vitesse Energy news, CEO Robert W. Gerrity bought 10,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $24.73 per share, with a total value of $247,300.00. Following the transaction, the chief executive officer now owns 495,311 shares of the company’s stock, valued at approximately $12,249,041.03. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.80% of the stock is owned by insiders.

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.