Lafayette Investments Inc. Has $452,000 Holdings in Vitesse Energy, Inc. (NYSE:VTS)

Lafayette Investments Inc. lessened its position in shares of Vitesse Energy, Inc. (NYSE:VTS) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,646 shares of the company’s stock after selling 881 shares during the period. Lafayette Investments Inc.’s holdings in Vitesse Energy were worth $452,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in 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 buying an additional 1,191 shares during the last quarter. US Bancorp DE bought a new position in Vitesse Energy during the second quarter worth $35,000. Ameritas Investment Partners Inc. bought a new position in Vitesse Energy during the second quarter worth $46,000. Teachers Retirement System of The State of Kentucky bought a new position in Vitesse Energy during the second quarter worth $80,000. Finally, Quent Capital LLC increased its stake in Vitesse Energy by 41.6% in the fourth quarter. Quent Capital LLC now owns 4,378 shares of the company’s stock valued at $96,000 after purchasing an additional 1,286 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Up 1.2 %

VTS traded up $0.27 during midday trading on Friday, hitting $23.09. The company had a trading volume of 29,773 shares, compared to its average volume of 227,451. Vitesse Energy, Inc. has a 52 week low of $16.83 and a 52 week high of $27.39. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $680.00 million, a price-to-earnings ratio of -30.04 and a beta of -0.09. The stock’s 50 day moving average price is $22.92 and its 200 day moving average price is $22.59.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). Vitesse Energy had a negative net margin of 9.22% and a negative return on equity of 2.89%. The company had revenue of $69.30 million during the quarter, compared to the consensus estimate of $63.83 million. On average, research analysts anticipate that Vitesse Energy, Inc. will post 1.27 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 8.66%. The ex-dividend date was Thursday, March 14th. Vitesse Energy’s dividend payout ratio (DPR) is currently -263.16%.

Vitesse Energy 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.