Optimum Investment Advisors Sells 1,850 Shares of Vitesse Energy, Inc. (NYSE:VTS)

Optimum Investment Advisors trimmed its holdings in shares of Vitesse Energy, Inc. (NYSE:VTSFree Report) by 7.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 22,750 shares of the company’s stock after selling 1,850 shares during the period. Optimum Investment Advisors owned approximately 0.08% of Vitesse Energy worth $540,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd increased its position in shares of Vitesse Energy by 16.9% during the 4th quarter. Quadrature Capital Ltd now owns 16,234 shares of the company’s stock worth $355,000 after purchasing an additional 2,345 shares in the last quarter. Security National Bank acquired a new stake in shares of Vitesse Energy during the 4th quarter worth about $37,000. CWA Asset Management Group LLC acquired a new stake in shares of Vitesse Energy during the 4th quarter worth about $3,266,000. KBC Group NV increased its position in shares of Vitesse Energy by 115.6% during the 4th quarter. KBC Group NV now owns 40,638 shares of the company’s stock worth $890,000 after purchasing an additional 21,788 shares in the last quarter. Finally, GoodHaven Capital Management LLC increased its position in shares of Vitesse Energy by 15.5% during the 4th quarter. GoodHaven Capital Management LLC now owns 306,841 shares of the company’s stock worth $6,717,000 after purchasing an additional 41,206 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Price Performance

Shares of Vitesse Energy stock traded down $0.32 during mid-day trading on Friday, reaching $23.19. 451,837 shares of the stock were exchanged, compared to its average volume of 152,543. The company has a market cap of $682.95 million, a price-to-earnings ratio of 27.60 and a beta of 0.33. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $23.86 and a 200 day simple moving average of $22.80. Vitesse Energy, Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $25.68.

Vitesse Energy (NYSE:VTSGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. The firm had revenue of $61.19 million during the quarter, compared to analysts’ expectations of $61.05 million. Vitesse Energy had a net margin of 10.92% and a return on equity of 7.87%. On average, sell-side analysts predict that Vitesse Energy, Inc. will post 1.46 EPS for the current fiscal year.

Vitesse Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 9.06%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Vitesse Energy’s previous quarterly dividend of $0.50. Vitesse Energy’s dividend payout ratio (DPR) is presently 250.00%.

About Vitesse Energy

(Free Report)

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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Institutional Ownership by Quarter for Vitesse Energy (NYSE:VTS)

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