The Manufacturers Life Insurance Company Acquires 492 Shares of Vitesse Energy, Inc. (NYSE:VTS)

The Manufacturers Life Insurance Company grew its holdings in shares of Vitesse Energy, Inc. (NYSE:VTS) by 5.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,689 shares of the company’s stock after buying an additional 492 shares during the period. The Manufacturers Life Insurance Company’s holdings in Vitesse Energy were worth $230,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Inlet Private Wealth LLC boosted its holdings in shares of Vitesse Energy by 0.9% during the 2nd quarter. Inlet Private Wealth LLC now owns 56,251 shares of the company’s stock worth $1,333,000 after buying an additional 500 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of Vitesse Energy by 0.3% during the 1st quarter. Ancora Advisors LLC now owns 177,952 shares of the company’s stock worth $4,223,000 after buying an additional 578 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vitesse Energy by 6.0% during the 2nd quarter. Principal Financial Group Inc. now owns 11,113 shares of the company’s stock worth $263,000 after buying an additional 627 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Vitesse Energy by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,015 shares of the company’s stock worth $547,000 after buying an additional 993 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Vitesse Energy during the 2nd quarter worth approximately $26,000. 51.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Vitesse Energy

In related news, CEO Robert W. Gerrity purchased 10,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $24.73 per share, with a total value of $247,300.00. Following the transaction, the chief executive officer now owns 495,311 shares of the company’s stock, valued at $12,249,041.03. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.80% of the stock is currently owned by insiders.

Vitesse Energy Price Performance

Shares of NYSE:VTS opened at $24.99 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. Vitesse Energy, Inc. has a twelve month low of $19.63 and a twelve month high of $26.68. The stock’s 50 day moving average is $24.85 and its 200-day moving average is $24.35. The firm has a market capitalization of $735.96 million, a price-to-earnings ratio of 28.40 and a beta of 0.23.

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 analysts’ consensus estimates of $0.30 by ($0.01). Vitesse Energy had a return on equity of 7.94% and a net margin of 10.78%. The firm had revenue of $66.60 million for the quarter, compared to analyst estimates of $63.89 million. Sell-side analysts forecast that Vitesse Energy, Inc. will post 1.4 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.40%. The ex-dividend date of this dividend was Monday, September 16th. Vitesse Energy’s payout ratio is 238.64%.

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.