Argentarii LLC Buys Shares of 29,145 Vitesse Energy, Inc. $VTS

Argentarii LLC purchased a new stake in Vitesse Energy, Inc. (NYSE:VTS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 29,145 shares of the company’s stock, valued at approximately $561,000.

Several other hedge funds also recently bought and sold shares of VTS. Royal Bank of Canada lifted its holdings in Vitesse Energy by 48.3% during the 1st quarter. Royal Bank of Canada now owns 36,074 shares of the company’s stock worth $888,000 after buying an additional 11,747 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Vitesse Energy by 29.7% in the first quarter. AQR Capital Management LLC now owns 21,841 shares of the company’s stock worth $535,000 after acquiring an additional 5,002 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Vitesse Energy by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297 shares of the company’s stock worth $376,000 after acquiring an additional 1,065 shares during the period. Millennium Management LLC increased its position in shares of Vitesse Energy by 241.7% during the first quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock worth $4,415,000 after acquiring an additional 126,991 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Vitesse Energy by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 203,813 shares of the company’s stock valued at $5,012,000 after purchasing an additional 9,943 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Insider Transactions at Vitesse Energy

In other news, President Brian Cree sold 1,440 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $19.69, for a total value of $28,353.60. Following the completion of the transaction, the president owned 464,225 shares in the company, valued at $9,140,590.25. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert W. Gerrity sold 36,785 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $19.66, for a total transaction of $723,193.10. Following the completion of the sale, the chief executive officer owned 371,991 shares in the company, valued at $7,313,343.06. This represents a 9.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 341,808 shares of company stock worth $6,758,540 over the last ninety days. 18.15% of the stock is currently owned by company insiders.

Vitesse Energy Trading Up 4.0%

NYSE:VTS opened at $19.50 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.02. Vitesse Energy, Inc. has a 1 year low of $17.44 and a 1 year high of $27.15. The stock has a market capitalization of $775.75 million, a price-to-earnings ratio of 30.95 and a beta of 0.68. The stock has a fifty day moving average price of $20.36 and a two-hundred day moving average price of $21.20.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, March 2nd. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.12). Vitesse Energy had a net margin of 9.23% and a return on equity of 4.38%. The company had revenue of $58.62 million during the quarter, compared to analyst estimates of $67.10 million. As a group, sell-side analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.75 annualized dividend and a yield of 9.0%. Vitesse Energy’s dividend payout ratio is 277.78%.

Analyst Ratings Changes

VTS has been the subject of several recent research reports. Wall Street Zen cut Vitesse Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 29th. 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 presently has a consensus rating of “Hold” and a consensus target price of $24.50.

Vitesse Energy 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.