Vitesse Energy (NYSE:VTS) CEO Sells $610,009.40 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 31,460 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $19.39, for a total value of $610,009.40. Following the completion of the transaction, the chief executive officer owned 454,239 shares in the company, valued at $8,807,694.21. This trade represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vitesse Energy Stock Down 0.5%

VTS opened at $19.53 on Friday. Vitesse Energy, Inc. has a 52 week low of $18.84 and a 52 week high of $27.17. The business has a 50 day moving average price of $20.25 and a two-hundred day moving average price of $22.54. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a market cap of $755.34 million, a PE ratio of 39.07 and a beta of 0.64.

Vitesse Energy (NYSE:VTS) last announced its earnings results 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). Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. The company had revenue of $67.44 million during the quarter, compared to analysts’ expectations of $65.70 million. As a group, research analysts anticipate that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on VTS shares. Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings restated a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Finally, Evercore ISI dropped their target price on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock 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, the company currently has an average rating of “Hold” and a consensus target price of $24.50.

Institutional Trading of Vitesse Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its holdings in Vitesse Energy by 74.7% during the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock worth $29,000 after buying an additional 557 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Vitesse Energy during the 3rd quarter valued at approximately $34,000. Rakuten Investment Management Inc. acquired a new stake in shares of Vitesse Energy during the 3rd quarter valued at approximately $37,000. CWM LLC boosted its stake in shares of 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 acquiring an additional 1,062 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of 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 acquiring an additional 1,187 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

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.