Wed Sep 25 07:58:44 UTC 2024: ## American Century Companies Increases Stake in Vitesse Energy

**New York, NY – September 25, 2024** – American Century Companies Inc. has significantly increased its stake in Vitesse Energy, Inc. (NYSE: VTS) by 267.2% in the second quarter, according to Holdings Channel. The firm now owns 285,613 shares of the company, valued at $6,769,000. This follows a trend of increased interest in Vitesse Energy from institutional investors.

Several other hedge funds have also boosted their positions in the company, including TFO Wealth Partners LLC, Cove Street Capital LLC, GoodHaven Capital Management LLC, and KBC Group NV. Additionally, CWA Asset Management Group LLC purchased a new stake in Vitesse Energy in the fourth quarter.

Overall, institutional investors and hedge funds own 51.63% of the company’s stock.

**Vitesse Energy Stock Performance**

Vitesse Energy stock opened at $24.66 on Wednesday. The company has a 50-day simple moving average of $24.78 and a 200-day simple moving average of $24.19. The stock has a market cap of $726.36 million, a price-to-earnings ratio of 29.36, and a beta of 0.24.

**Dividend Announcement**

Vitesse Energy recently declared a quarterly dividend of $0.525 per share, payable on September 30th to stockholders of record as of September 16th. This translates to an annualized dividend of $2.10 and a dividend yield of 8.52%.

**Insider Trading**

Vitesse Energy CEO Robert W. Gerrity purchased 10,000 shares of the company’s stock on September 13th at an average price of $24.73 per share. Following the purchase, he now owns 495,311 shares, valued at approximately $12,249,041.03. Corporate insiders own 15.80% of the company’s stock.

**Analyst Rating**

Alliance Global Partners dropped their price objective on Vitesse Energy from $28.00 to $26.00 and maintained a “buy” rating for the company in a research note on August 7th.

**About Vitesse Energy**

Vitesse Energy, Inc. focuses on acquiring, developing, and producing non-operated oil and natural gas properties in the United States. The company primarily operates in the Williston Basin, located in North Dakota and Montana.

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