Scissortail Wealth Management LLC Buys New Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Scissortail Wealth Management LLC bought a new stake in Vitesse Energy, Inc. (NYSE:VTS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,475 shares of the company’s stock, valued at approximately $465,000. Scissortail Wealth Management LLC owned about 0.07% of Vitesse Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VTS. International Assets Investment Management LLC lifted its stake in shares of Vitesse Energy by 2,089.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,248 shares of the company’s stock worth $27,000 after purchasing an additional 1,191 shares in the last quarter. US Bancorp DE acquired a new position in shares of Vitesse Energy during the second quarter worth about $35,000. Ameritas Investment Partners Inc. acquired a new position in shares of Vitesse Energy during the second quarter worth about $46,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Vitesse Energy during the second quarter worth about $80,000. Finally, Quent Capital LLC lifted its stake in shares of Vitesse Energy by 41.6% during the fourth quarter. Quent Capital LLC now owns 4,378 shares of the company’s stock worth $96,000 after purchasing an additional 1,286 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Down 2.9 %

Shares of VTS traded down $0.69 during midday trading on Wednesday, reaching $23.16. 200,961 shares of the company were exchanged, compared to its average volume of 185,199. The stock has a 50-day moving average price of $22.81 and a 200-day moving average price of $22.58. The company has a market cap of $682.06 million, a price-to-earnings ratio of -30.46 and a beta of -0.09. Vitesse Energy, Inc. has a 1-year low of $16.83 and a 1-year high of $27.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.15.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The company had revenue of $69.30 million for the quarter, compared to analyst estimates of $63.83 million. Vitesse Energy had a negative return on equity of 2.89% and a negative net margin of 9.22%. Research analysts expect that Vitesse Energy, Inc. will post 1.27 earnings per share for the current year.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend was Thursday, March 14th. Vitesse Energy’s payout ratio 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.