Insider Selling: Vitesse Energy (NYSE:VTS) President Sells $383,990.88 in Stock

Vitesse Energy, Inc. (NYSE:VTS) President Brian Cree sold 19,824 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $19.37, for a total value of $383,990.88. Following the transaction, the president owned 483,665 shares of the company’s stock, valued at $9,368,591.05. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Brian Cree also recently made the following trade(s):

• On Wednesday, January 21st, Brian Cree sold 1,440 shares of Vitesse Energy stock. The stock was sold at an average price of $19.69, for a total transaction of $28,353.60.
• On Tuesday, January 20th, Brian Cree sold 18,000 shares of Vitesse Energy stock. The shares were sold at an average price of $19.33, for a total transaction of $347,940.00.
• On Thursday, January 15th, Brian Cree sold 16,190 shares of Vitesse Energy stock. The stock was sold at an average price of $19.82, for a total transaction of $320,885.80.
• On Wednesday, January 14th, Brian Cree sold 43,216 shares of Vitesse Energy stock. The stock was sold at an average price of $20.12, for a total transaction of $869,505.92.

Vitesse Energy Stock Down 0.5%

Shares of NYSE:VTS opened at $19.53 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. Vitesse Energy, Inc. has a 12 month low of $18.84 and a 12 month high of $27.17. The company 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 cap of $755.34 million, a price-to-earnings ratio of 39.07 and a beta of 0.64.

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

Vitesse Energy Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VTS. Ameritas Investment Partners Inc. boosted its position in Vitesse Energy by 21.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company’s stock valued at $67,000 after buying an additional 538 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Vitesse Energy by 5.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,522 shares of the company’s stock valued at $234,000 after acquiring an additional 557 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Vitesse Energy by 74.7% during the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock valued at $29,000 after acquiring an additional 557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Vitesse Energy by 5.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,158 shares of the company’s stock valued at $357,000 after purchasing an additional 861 shares during the period. Finally, Ausdal Financial Partners Inc. grew its stake in Vitesse Energy by 8.1% in the third quarter. Ausdal Financial Partners Inc. now owns 12,674 shares of the company’s stock worth $294,000 after purchasing an additional 953 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Wall Street Analysts Forecast Growth

VTS has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Evercore ISI cut their price target on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.50.

Vitesse Energy Company Profile

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.