Vitesse Energy (NYSE:VTS) CEO Robert Gerrity Sells 31,460 Shares

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 31,460 shares of Vitesse Energy stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $19.39, for a total transaction of $610,009.40. Following the completion of the transaction, the chief executive officer owned 454,239 shares of the company’s stock, valued at $8,807,694.21. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Vitesse Energy Stock Performance

Shares of NYSE:VTS traded up $0.18 during trading on Wednesday, hitting $19.58. 527,099 shares of the company were exchanged, compared to its average volume of 411,761. The company has a market cap of $757.12 million, a PE ratio of 39.16 and a beta of 0.64. The stock has a 50 day moving average of $20.34 and a 200 day moving average of $22.60. Vitesse Energy, Inc. has a 52-week low of $18.84 and a 52-week high of $27.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.

Vitesse Energy (NYSE:VTS) last announced 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). 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, equities research analysts predict that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Dividend Announcement

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

Institutional Investors Weigh In On Vitesse Energy

A number of large investors have recently added to or reduced their stakes in VTS. American Century Companies Inc. boosted its holdings in shares of Vitesse Energy by 20.0% in the 2nd quarter. American Century Companies Inc. now owns 845,848 shares of the company’s stock worth $18,685,000 after purchasing an additional 140,768 shares in the last quarter. Wedbush Securities Inc. purchased a new position in shares of Vitesse Energy during the 2nd quarter valued at about $291,000. First Wilshire Securities Management Inc. lifted its position in Vitesse Energy by 539.7% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock worth $4,943,000 after buying an additional 188,774 shares during the last quarter. Signaturefd LLC lifted its position in Vitesse Energy by 415.7% in the 2nd quarter. Signaturefd LLC now owns 2,393 shares of the company’s stock worth $53,000 after buying an additional 1,929 shares during the last quarter. Finally, GoodHaven Capital Management LLC boosted its stake in Vitesse Energy by 2.7% in the second quarter. GoodHaven Capital Management LLC now owns 552,151 shares of the company’s stock worth $12,197,000 after buying an additional 14,300 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VTS shares. Zacks Research lowered shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Evercore ISI reduced their price target on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.50.

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.