Insider Selling: Vitesse Energy (NYSE:VTS) CEO Sells $876,981.27 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 45,463 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $19.29, for a total value of $876,981.27. Following the transaction, the chief executive officer directly owned 408,776 shares in the company, valued at $7,885,289.04. The trade was a 10.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Vitesse Energy Stock Performance

VTS stock opened at $19.53 on Friday. Vitesse Energy, Inc. has a 1-year low of $18.84 and a 1-year high of $27.17. The business has a 50-day moving average price of $20.25 and a 200 day moving average price of $22.54. The company has a market capitalization of $755.34 million, a P/E ratio of 39.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.

Vitesse Energy (NYSE:VTS) last issued its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%.The business had revenue of $67.44 million for the quarter, compared to the consensus estimate of $65.70 million. As a group, equities research analysts forecast that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.5625 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.25 dividend on an annualized basis and a yield of 11.5%. Vitesse Energy’s payout ratio is 450.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Vitesse Energy by 74.7% in the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock worth $29,000 after acquiring an additional 557 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Vitesse Energy during the third quarter valued at about $34,000. Rakuten Investment Management Inc. purchased a new position in shares of Vitesse Energy in the 3rd quarter valued at approximately $37,000. Jones Financial Companies Lllp boosted its stake in Vitesse Energy by 203.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,770 shares of the company’s stock worth $43,000 after purchasing an additional 1,187 shares in the last quarter. Finally, CWM LLC grew its position in Vitesse Energy by 138.8% during the 2nd quarter. CWM LLC now owns 1,827 shares of the company’s stock worth $40,000 after purchasing an additional 1,062 shares during the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Evercore ISI decreased their price target on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.50.

About Vitesse Energy

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.