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

Oxbow Advisors LLC increased its stake in Vitesse Energy, Inc. (NYSE:VTS) by 5.5% in the third quarter, Holdings Channel.com reports. The firm owned 26,949 shares of the company’s stock after purchasing an additional 1,412 shares during the quarter. Oxbow Advisors LLC’s holdings in Vitesse Energy were worth $647,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Heritage Wealth Management Inc. acquired a new position in shares of Vitesse Energy during the second quarter worth about $503,000. State Board of Administration of Florida Retirement System bought a new stake in Vitesse Energy in the 1st quarter valued at approximately $736,000. Dimensional Fund Advisors LP boosted its position in Vitesse Energy by 18.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after acquiring an additional 144,166 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Vitesse Energy by 146.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 179,724 shares of the company’s stock worth $4,317,000 after acquiring an additional 106,927 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Vitesse Energy during the 2nd quarter worth approximately $281,000. Institutional investors own 51.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Alliance Global Partners cut 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 Stock Down 1.3 %

VTS stock traded down $0.36 during mid-day trading 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 company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $25.00 and a two-hundred day simple moving average of $24.58. The company has a market capitalization of $805.26 million, a price-to-earnings ratio of 18.67 and a beta of 0.22.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.525 per share. 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 dividend payout ratio is currently 143.84%.

Insider Buying and Selling

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

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.