21,475 Shares in Vitesse Energy, Inc. (NYSE:VTS) Bought by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC acquired a new position in Vitesse Energy, Inc. (NYSE:VTS) 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 (NYSE:VTS) last released its quarterly earnings results on Monday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). Vitesse Energy had a negative net margin of 9.22% and a negative return on equity of 2.89%. The firm had revenue of $69.30 million for the quarter, compared to the consensus estimate of $63.83 million. As a group, equities analysts predict that Vitesse Energy, Inc. will post 1.27 EPS for the current fiscal year.

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.