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

Harbor Capital Advisors Inc. boosted its position in Vitesse Energy, Inc. (NYSE:VTS) by 61.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,554 shares of the company’s stock after buying an additional 110,830 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Vitesse Energy were worth $7,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Vitesse Energy by 2,301.8% during the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after buying an additional 1,312 shares in the last quarter. Quest Partners LLC bought a new position in Vitesse Energy during the 3rd quarter valued at $34,000. nVerses Capital LLC grew its holdings in Vitesse Energy by 54.5% during the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock worth $41,000 after acquiring an additional 600 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Vitesse Energy during the 3rd quarter worth $78,000. Finally, Quent Capital LLC increased its position in shares of Vitesse Energy by 25.7% in the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after purchasing an additional 1,141 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vitesse Energy Stock Performance

Shares of NYSE VTS traded up $0.12 during trading on Friday, reaching $26.37. The stock had a trading volume of 44,850 shares, compared to its average volume of 185,677. 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 stock has a market cap of $779.08 million, a PE ratio of 18.06 and a beta of 0.51. Vitesse Energy, Inc. has a one year low of $19.63 and a one year high of $28.41. The firm’s 50 day moving average price is $26.53 and its two-hundred day moving average price is $25.37.

Vitesse Energy Announces Dividend

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

Vitesse Energy Company 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.