Scissortail Wealth Management LLC acquired a new position in Vitesse Energy, Inc. (NYSE:VTS – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 21,475 shares of the company’s stock, valued at approximately $465,000.
A number of other large investors have also recently bought and sold shares of VTS. Barclays PLC bought a new stake in Vitesse Energy in the second quarter worth $204,000. Rhumbline Advisers bought a new stake in Vitesse Energy during the second quarter valued at about $852,000. Swiss National Bank bought a new stake in Vitesse Energy during the second quarter valued at about $1,114,000. Dimensional Fund Advisors LP bought a new stake in Vitesse Energy during the second quarter valued at about $10,856,000. Finally, Citigroup Inc. bought a new stake in Vitesse Energy during the second quarter valued at about $641,000. 51.63% of the stock is currently owned by institutional investors.
Vitesse Energy Stock Performance
VTS stock traded down $0.69 during mid-day trading on Wednesday, reaching $23.16. 200,961 shares of the stock traded hands, compared to its average volume of 185,199. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. Vitesse Energy, Inc. has a 52 week low of $16.83 and a 52 week high of $27.39. The business has a 50-day moving average of $22.81 and a two-hundred day moving average of $22.58. The firm has a market capitalization of $682.06 million, a PE ratio of -30.46 and a beta of -0.09.
Vitesse Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date of this dividend was Thursday, March 14th. Vitesse Energy’s dividend payout ratio (DPR) is -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.
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