Geode Capital Management LLC Trims Position in Vitesse Energy, Inc. (NYSE:VTS)

Geode Capital Management LLC decreased its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 576,425 shares of the company’s stock after selling 5,809 shares during the period. Geode Capital Management LLC’s holdings in Vitesse Energy were worth $14,414,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Vitesse Energy during the fourth quarter valued at about $29,000. Wilmington Savings Fund Society FSB bought a new stake in Vitesse Energy during the 3rd quarter valued at approximately $78,000. R Squared Ltd purchased a new position in Vitesse Energy in the 4th quarter worth approximately $79,000. KLP Kapitalforvaltning AS bought a new position in Vitesse Energy in the 4th quarter worth approximately $104,000. Finally, AlphaQuest LLC grew its holdings in Vitesse Energy by 415.4% during the 4th quarter. AlphaQuest LLC now owns 7,375 shares of the company’s stock valued at $184,000 after buying an additional 5,944 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Vitesse Energy Trading Up 2.3 %

VTS stock opened at $21.08 on Monday. The firm has a market cap of $813.22 million, a PE ratio of 14.44 and a beta of 0.56. The firm has a fifty day moving average price of $23.81 and a 200 day moving average price of $25.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. Vitesse Energy, Inc. has a fifty-two week low of $18.90 and a fifty-two week high of $28.41.

Vitesse Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 10.67%. This is a positive change from Vitesse Energy’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, March 21st. Vitesse Energy’s payout ratio is presently 351.56%.

Analyst Ratings Changes

Several research firms have recently commented on VTS. Roth Mkm boosted their target price on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Northland Securities boosted their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $28.00 target price on shares of Vitesse Energy in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vitesse Energy presently has an average rating of “Buy” and an average target price of $30.25.

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.