Vitesse Energy (NYSE:VTS) CEO Sells $723,193.10 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 36,785 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $19.66, for a total value of $723,193.10. Following the sale, the chief executive officer owned 371,991 shares of the company’s stock, valued at $7,313,343.06. The trade was a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vitesse Energy Trading Down 0.5%

Shares of VTS opened at $19.53 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. Vitesse Energy, Inc. has a 52-week low of $18.84 and a 52-week high of $27.17. The firm has a market cap of $755.34 million, a price-to-earnings ratio of 39.07 and a beta of 0.64. The business’s fifty day moving average is $20.25 and its 200-day moving average is $22.54.

Vitesse Energy (NYSE:VTS) last announced 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). 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. Equities analysts anticipate that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

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

Hedge Funds Weigh In On Vitesse Energy

Several large investors have recently modified their holdings of VTS. Parallel Advisors LLC lifted its holdings 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 worth $29,000 after purchasing an additional 557 shares during the period. State of Alaska Department of Revenue bought a new position in Vitesse Energy during the 3rd quarter worth $34,000. Rakuten Investment Management Inc. acquired a new position in Vitesse Energy during the 3rd quarter worth about $37,000. Jones Financial Companies Lllp grew its position 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 valued at $43,000 after buying an additional 1,187 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Vitesse Energy by 138.8% in the second quarter. CWM LLC now owns 1,827 shares of the company’s stock valued at $40,000 after buying an additional 1,062 shares during the period. Institutional investors own 51.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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