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

Oxbow Advisors LLC increased its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 32.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,537 shares of the company’s stock after acquiring an additional 6,262 shares during the quarter. Oxbow Advisors LLC’s holdings in Vitesse Energy were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VTS. Inlet Private Wealth LLC grew its holdings in Vitesse Energy by 0.9% in the second quarter. Inlet Private Wealth LLC now owns 56,251 shares of the company’s stock worth $1,333,000 after purchasing an additional 500 shares during the last quarter. Ancora Advisors LLC increased its position in Vitesse Energy by 0.3% during the 1st quarter. Ancora Advisors LLC now owns 177,952 shares of the company’s stock valued at $4,223,000 after buying an additional 578 shares in the last quarter. Principal Financial Group Inc. raised its stake in Vitesse Energy by 6.0% in the second quarter. Principal Financial Group Inc. now owns 11,113 shares of the company’s stock valued at $263,000 after buying an additional 627 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Vitesse Energy by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,015 shares of the company’s stock valued at $547,000 after buying an additional 993 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Vitesse Energy in the second quarter worth about $26,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Performance

Shares of NYSE:VTS traded down $0.29 on Friday, hitting $24.33. 182,159 shares of the company were exchanged, 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 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 1-year low of $19.63 and a 1-year high of $26.68. The firm has a market capitalization of $716.64 million, a P/E ratio of 28.96 and a beta of 0.24.

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

Vitesse Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners cut their price objective 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 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.