Raymond James Financial Services Advisors Inc. Has $354,000 Stock Position in Vitesse Energy, Inc. (NYSE:VTS)

Raymond James Financial Services Advisors Inc. increased its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 57.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,189 shares of the company’s stock after buying an additional 5,903 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.06% of Vitesse Energy worth $354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Vitesse Energy by 2.6% during the third quarter. Vanguard Group Inc. now owns 2,449,798 shares of the company’s stock valued at $56,076,000 after acquiring an additional 62,599 shares during the period. BlackRock Inc. bought a new stake in Vitesse Energy during the 2nd quarter valued at approximately $39,523,000. State Street Corp acquired a new stake in Vitesse Energy in the 2nd quarter valued at approximately $21,417,000. Nuveen Asset Management LLC bought a new position in Vitesse Energy in the 2nd quarter worth approximately $14,708,000. Finally, Punch & Associates Investment Management Inc. lifted its holdings in shares of Vitesse Energy by 4.8% during the third quarter. Punch & Associates Investment Management Inc. now owns 498,619 shares of the company’s stock worth $11,413,000 after buying an additional 22,957 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Stock Up 0.8 %

VTS opened at $23.00 on Monday. Vitesse Energy, Inc. has a 1-year low of $16.83 and a 1-year high of $27.39. The business has a 50 day moving average of $22.97 and a 200-day moving average of $22.61. The stock has a market capitalization of $677.35 million, a price-to-earnings ratio of -30.26 and a beta of -0.09. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.15.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The company had revenue of $69.30 million during the quarter, compared to the consensus estimate of $63.83 million. Vitesse Energy had a negative net margin of 9.22% and a negative return on equity of 2.89%. As a group, sell-side analysts anticipate that Vitesse Energy, Inc. will post 1.27 earnings per share for the current year.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.70%. The ex-dividend date of this dividend was Thursday, March 14th. Vitesse Energy’s dividend payout ratio (DPR) is presently -263.16%.

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.