Vitesse Energy Inc

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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Earnings data Q4 2024

Vitesse Energy Inc reports robust Q3 performance and outlines growth strategies

Vitesse Energy Inc's Q3 2024 performance reflects a strong operational and financial foundation with a focus on growth and cost management.
The company's strategic initiatives to enhance shareholder value and optimize production efficiency position it well for future success.
While facing challenges in investment clarity and operational risks, Vitesse Energy has opportunities to drive growth through strategic decisions and cost-effective measures.

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Vitesse Energy, Inc. engages in the acquisition, ownership, exploration, development, management, production, exploitation, and disposition of oil and gas properties. It focuses on acquiring non-operated working interest and royalty interest ownership primarily in the core of the Bakken Field in North Dakota and Montana. The company was founded on August 5, 2022 and is headquartered in Greenwood Village, CO.

The consensus price target for Vitesse Energy is below its current share price. Analysts aren't as pessimistic about the oil stock as it might seem at first glance.

Does Wall Street Think Warren Buffett Is Dead Wrong About This High-Yield Dividend Stock?

Vitesse Energy manages risk by diversifying its investments, keeping a low debt load, and hedging its exposure to oil. A big part of the investment case is its management team's experience, and its hedging strategy to reduce the volatility in the oil price realized by the company Berkshire Hathaway's position stems from its part ownership of Jefferies Financial Group (Vitesse was spun out of Jefferies in January 2023).

Maintaining a Generous Dividend:Warren Buffett's 9% Yielding Stock's Strategic Approach

Bank of America

Chevron

Chevron represents one of the larger holdings in the Berkshire Hathaway portfolio. Vitesse is an oil & gas stock currently yielding more than 8% Bank of America is a good value.

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Ares Capital

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Buffett owns two high-yielding business development company stocks through a Berkshire Hathaway subsidiary. He also added a high-yielding oil stock to Berkshire's portfolio in Q1.

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Vitesse Energy, a spin-off company with a tight capital base and significant cash flow, offers investors an early opportunity to invest in an underanalyzed business. The company's significant dividend, proprietary software for optimal investment decisions, and exposure to refrac technology in the Williston Basin make it an attractive investment option. Despite potential recession concerns, Vitesse's stock could hit $30 per share due to factors such as increased oil prices, growing demand from China and India, and the company's ability to deliver significant free cash flow in 2023.

Vitesse Energy: Deserves Spot In Portfolios Seeking High Capital Returns With Upside Potential

Apple

Apple's cash flow supports a significantly larger dividend payout. Vitesse Energy's dividend yield is more than 9%.

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Verizon

Berkshire Hathaway's largest stock holdings all pay dividends. But investors will have to turn to smaller positions in the investment conglomerate's portfolio if they're seeking huge yield.

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Johnson & Johnson

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This Buffett holdings list from Kiplinger first appeared 5/20/23 online. YCharts and Dogs of The Dow both track this Buffett/Berkshire batch. Here is your update from 5/25/23 YCharts data. 32 of 48 current Berkshire Hathaway-owned-stocks pay dividends. As of 5/25/23, the top-ten ranged 3.08%-9.05% by annual yield and 46 of 48 ranged -4.21% to 65.10% per broker-estimated target-price-upsides. Analyst-augured top-ten net gains from Buffett's May dividend dogs ranged 17.94%-52.22% from JNJ, GL, CE, KHC, CVX, ALLY, C, BAC, PARA, and top pick GM per YCharts data.

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The investment case for Vitesse Energy is based on its management team. The company operates a flexible and conservative business model.

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Berkshire Hathaway boosted positions in its two biggest stock holdings, among notable moves. The post Warren Buffett Grew His Biggest Stock Holdings In Q1, Tuned Bank Exposure appeared first on Investor's Business Daily.

Warren Buffett Grew His Biggest Stock Holdings In Q1, Tuned Bank Exposure

Vitesse Energy, Inc. (NYSE:VTS ) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants Ben Messier - Director-Investor Relations Bob Gerrity - Chairman and Chief Executive Officer Dave Macosko - Chief Financial Officer Brian Cree - President Conference Call Participants Donovan Schafer - Northland Capital Markets Lloyd Byrne - Jefferies Jeff Grampp - Alliance Global Partners Operator Greetings. Welcome to Vitesse Energy First Quarter 2023 Earnings Call.

Vitesse Energy, Inc. (VTS) Q1 2023 Earnings Call Transcript

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today announced the Company's first quarter 2023 financial and operating results. HIGHLIGHTS Completed spin-off from Jefferies Financial Group Inc. (the “Spin-Off”) and closed the acquisition of Vitesse Oil, LLC on January 13, 2023 First quarter net loss of $47.8 million reflecting $77.4 million of charges associated with the Spin-Off, including (i) a one-time non-cash income tax expe.

Vitesse Energy Announces First Quarter 2023 Results

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) announced today that it plans to issue its first quarter 2023 financial and operating results on Monday, May 8, 2023, after market close. Additionally, the Company will host a conference call on Tuesday, May 9, 2023, at 9:00 a.m. Eastern Time. The Company will simultaneously post an updated corporate slide presentation with respect to those results on Vitesse's website, www.vitesse-vts.

Vitesse Energy Announces First Quarter 2023 Earnings Release Date and Conference Call

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Vitesse Energy, Inc. (NYSE:VTS ) Q4 2022 Earnings Conference Call February 14, 2023 9:00 AM ET Company Participants Ben Messier - Director of Investor Relations Bob Gerrity - Chairman and Chief Executive Officer Brian Cree - President David Macosko - Chief Financial Officer Conference Call Participants Stephen Richardson - Evercore ISI Donovan Schafer - Northland Capital Markets Operator Greetings. Welcome to Vitesse Energy Full-Year 2022 Earnings Call.

Vitesse Energy, Inc. (VTS) Q4 2022 Earnings Call Transcript

Total revenue grew 55.0% YoY to $300.1 million and was driven by growth in Oil and Natural gas segments.

Jefferies Spinoff Vitesse Energy Undervalued

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or “the Company”) today announced the Company's 2022 results and declared a quarterly cash dividend.

Vitesse Energy, Inc. Announces Full Year 2022 Financial and Operating Results and Declares Initial Quarterly Cash Dividend

Vitesse Energy recently spun off from Jefferies in mid-January, and as is often the case, recent spin-offs remain under covered and sometimes undervalued, we're taking a look. For income investors, Vitesse is a really interesting proposition, with management proposing what will be a 15% dividend yield assuming oil prices hold.

Vitesse Energy Is Going To Offer A 15% Dividend Yield

CENTENNIAL, Colo.--( BUSINESS WIRE )--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or “the Company”) announced today that it plans to issue its year-end 2022 financial and operating results on Monday, February 13, 2023, after market close. Additionally, the Company will host a conference call on Tuesday, February 14, 2023, at 9:00 a.m. Eastern Standard Time. The Company will simultaneously post an updated corporate slide presentation with respect to those results on Vitesse's website, www.vitesse-vts.com, in the “Investor Relations” section of the site, under “News & Events,” sub-tab “Presentations.”

Vitesse Energy Announces Year-End 2022 Earnings Release Date and Conference Call

News for Vitesse Energy Inc Stock (VTS)