Mraz Amerine & Associates Inc. Boosts Stake in Vitesse Energy, Inc. (NYSE:VTS)

Mraz Amerine & Associates Inc. raised its stake in Vitesse Energy, Inc. (NYSE:VTS) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,455 shares of the company’s stock after acquiring an additional 5,636 shares during the quarter. Vitesse Energy makes up 0.6% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 24th biggest holding. Mraz Amerine & Associates Inc. owned approximately 0.49% of Vitesse Energy worth $3,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VTS. Register Financial Advisors LLC acquired a new stake in Vitesse Energy in the first quarter valued at approximately $45,000. Principal Financial Group Inc. bought a new stake in shares of Vitesse Energy during the first quarter valued at about $249,000. Hartline Investment Corp bought a new stake in shares of Vitesse Energy during the first quarter valued at about $460,000. GSA Capital Partners LLP raised its position in Vitesse Energy by 278.3% in the first quarter. GSA Capital Partners LLP now owns 38,445 shares of the company’s stock worth $912,000 after acquiring an additional 28,283 shares in the last quarter. Finally, Oxbow Advisors LLC bought a new stake in Vitesse Energy in the first quarter worth about $457,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert W. Gerrity acquired 10,000 shares of the stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the purchase, the chief executive officer now directly owns 495,311 shares of the company’s stock, valued at approximately $12,249,041.03. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.80% of the stock is owned by company insiders.

Vitesse Energy Stock Performance

Shares of VTS opened at $25.03 on Friday. The company has a market capitalization of $737.13 million, a PE ratio of 28.44 and a beta of 0.23. Vitesse Energy, Inc. has a one year low of $19.63 and a one year high of $26.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.83. The company’s fifty day moving average price is $24.87 and its 200 day moving average price is $24.39.

Vitesse Energy (NYSE:VTS) last issued its earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. The business had revenue of $66.60 million for the quarter, compared to analyst estimates of $63.89 million. As a group, analysts expect that Vitesse Energy, Inc. will post 1.4 earnings per share for the current year.

Vitesse Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, September 16th. This represents a $2.10 dividend on an annualized basis and a yield of 8.39%. Vitesse Energy’s payout ratio is 238.64%.

Analyst Ratings Changes

Separately, Alliance Global Partners cut their target price on shares of Vitesse Energy from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

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.