Brian Cree Sells 43,216 Shares of Vitesse Energy (NYSE:VTS) Stock

Vitesse Energy, Inc. (NYSE:VTS) President Brian Cree sold 43,216 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.12, for a total value of $869,505.92. Following the transaction, the president owned 519,679 shares in the company, valued at approximately $10,455,941.48. This represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value of $320,885.80.

Vitesse Energy Trading Down 2.7%

Shares of VTS traded down $0.54 during mid-day trading on Friday, hitting $19.22. 388,662 shares of the company’s stock traded hands, compared to its average volume of 391,718. 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 firm has a market capitalization of $743.24 million, a P/E ratio of 38.44 and a beta of 0.64. The business’s 50-day moving average price is $20.47 and its 200-day moving average price is $22.68. Vitesse Energy, Inc. has a 1 year low of $18.84 and a 1 year high of $27.49.

Vitesse Energy (NYSE:VTS) last released its quarterly 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). The company had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. As a group, sell-side analysts forecast that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.5625 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 11.7%. Vitesse Energy’s payout ratio is presently 450.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on VTS. Evercore ISI lowered 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 report on Monday, October 6th. Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.50.

Hedge Funds Weigh In On Vitesse Energy

Large investors have recently modified their holdings of the stock. Argentarii LLC bought a new position in Vitesse Energy in the 4th quarter worth about $561,000. SG Americas Securities LLC raised its holdings in Vitesse Energy by 37.7% in the fourth quarter. SG Americas Securities LLC now owns 40,740 shares of the company’s stock worth $785,000 after buying an additional 11,155 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vitesse Energy by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 208,250 shares of the company’s stock worth $4,838,000 after buying an additional 5,356 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Vitesse Energy by 4.4% during the third quarter. CIBC Private Wealth Group LLC now owns 30,965 shares of the company’s stock valued at $719,000 after buying an additional 1,306 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Vitesse Energy during the third quarter valued at approximately $793,000. Hedge funds and other institutional investors 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.