Vitesse Energy (NYSE:VTS) CEO Robert Gerrity Sells 90,737 Shares of Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 90,737 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $20.14, for a total value of $1,827,443.18. Following the sale, the chief executive officer owned 514,693 shares of the company’s stock, valued at $10,365,917.02. The trade was a 14.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Vitesse Energy Price Performance

Shares of VTS opened at $19.22 on Friday. The business’s 50-day moving average is $20.43 and its 200-day moving average is $22.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $743.24 million, a price-to-earnings ratio of 38.44 and a beta of 0.64. Vitesse Energy, Inc. has a fifty-two week low of $18.84 and a fifty-two week high of $27.49.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $65.70 million. Equities research analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given 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 yield of 11.7%. Vitesse Energy’s dividend payout ratio (DPR) is presently 450.00%.

Vitesse Energy News Summary

Here are the key news stories impacting Vitesse Energy this week:

• Negative Sentiment: CEO Robert W. Gerrity sold 90,737 shares at an average price of $20.14 (≈$1.83M). SEC Filing
• Negative Sentiment: CEO Robert W. Gerrity sold an additional 28,994 shares at ~$19.83 (≈$575k). SEC Filing
• Negative Sentiment: President Brian Cree sold 43,216 shares at $20.12 (≈$870k). SEC Filing
• Negative Sentiment: President Brian Cree sold 16,190 shares at $19.82 (≈$321k). SEC Filing
• Negative Sentiment: CAO Mike Morella sold 5,202 shares at $20.13 (≈$105k). SEC Filing
• Negative Sentiment: VP Michael Sabol sold 4,497 shares at $20.14 (≈$90.6k). SEC Filing

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Vitesse Energy

A number of hedge funds have recently bought and sold shares of the company. Sprinkle Financial Consultants LLC acquired a new stake in Vitesse Energy in the 2nd quarter valued at approximately $281,000. American Century Companies Inc. increased its position in Vitesse Energy by 20.0% during the second quarter. American Century Companies Inc. now owns 845,848 shares of the company’s stock worth $18,685,000 after acquiring an additional 140,768 shares during the period. Wedbush Securities Inc. acquired a new position in Vitesse Energy during the 2nd quarter valued at $291,000. First Wilshire Securities Management Inc. raised its stake in Vitesse Energy by 539.7% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock valued at $4,943,000 after purchasing an additional 188,774 shares during the last quarter. Finally, GoodHaven Capital Management LLC boosted its holdings in Vitesse Energy by 2.7% in the 2nd quarter. GoodHaven Capital Management LLC now owns 552,151 shares of the company’s stock valued at $12,197,000 after purchasing an additional 14,300 shares during the period. 51.63% of the stock is currently owned by institutional investors.

About Vitesse Energy

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.