Harbor Capital Advisors Inc. Increases Stock Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Harbor Capital Advisors Inc. increased its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS) by 61.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 290,554 shares of the company’s stock after buying an additional 110,830 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.98% of Vitesse Energy worth $7,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in shares of Vitesse Energy by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 277,465 shares of the company’s stock valued at $6,576,000 after acquiring an additional 7,513 shares during the last quarter. Principal Financial Group Inc. raised its stake in Vitesse Energy by 6.0% during the second quarter. Principal Financial Group Inc. now owns 11,113 shares of the company’s stock worth $263,000 after purchasing an additional 627 shares during the period. Rhumbline Advisers raised its stake in Vitesse Energy by 3.0% during the second quarter. Rhumbline Advisers now owns 42,572 shares of the company’s stock worth $1,009,000 after purchasing an additional 1,257 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Vitesse Energy in the 2nd quarter valued at $230,000. Finally, LSV Asset Management grew its stake in shares of Vitesse Energy by 2.2% during the 2nd quarter. LSV Asset Management now owns 388,397 shares of the company’s stock valued at $9,205,000 after buying an additional 8,185 shares during the period. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Trading Up 0.5 %

VTS traded up $0.12 on Friday, reaching $26.37. 44,850 shares of the company’s stock were exchanged, compared to its average volume of 185,677. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $28.41. The company’s 50 day moving average is $26.53 and its 200-day moving average is $25.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $779.08 million, a price-to-earnings ratio of 18.06 and a beta of 0.51.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend was Monday, December 16th. Vitesse Energy’s payout ratio is currently 143.84%.

Analyst Ratings Changes

Separately, Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $29.00 in a report on Tuesday, December 17th.

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.