Vitesse Energy (NYSE:VTS) CEO Sells $876,981.27 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 45,463 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $19.29, for a total value of $876,981.27. Following the completion of the transaction, the chief executive officer directly owned 408,776 shares in the company, valued at $7,885,289.04. This trade represents a 10.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Vitesse Energy Trading Up 0.9%

VTS stock traded up $0.18 during midday trading on Wednesday, reaching $19.58. The company’s stock had a trading volume of 527,099 shares, compared to its average volume of 411,761. Vitesse Energy, Inc. has a 1 year low of $18.84 and a 1 year high of $27.17. The firm has a market capitalization of $757.12 million, a price-to-earnings ratio of 39.16 and a beta of 0.64. The stock has a fifty day simple moving average of $20.34 and a two-hundred day simple moving average of $22.60. 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 (NYSE:VTS) last posted its quarterly earnings results 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 return on equity of 5.71% and a net margin of 7.70%.The company had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. On average, 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 paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend was Monday, December 15th. Vitesse Energy’s payout ratio is currently 450.00%.

Institutional Investors Weigh In On Vitesse Energy

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vitesse Energy by 2,499.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,001 shares of the company’s stock valued at $9,757,000 after purchasing an additional 403,843 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Vitesse Energy by 2,102.0% in the 3rd quarter. Millennium Management LLC now owns 204,350 shares of the company’s stock valued at $4,747,000 after buying an additional 195,070 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Vitesse Energy by 17.9% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,272,995 shares of the company’s stock worth $29,572,000 after buying an additional 193,195 shares during the last quarter. First Wilshire Securities Management Inc. grew its position in shares of 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. Finally, American Century Companies Inc. raised its stake in shares of Vitesse Energy by 20.0% during the 2nd 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 in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports 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. Zacks Research downgraded Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Finally, Evercore ISI decreased their price objective on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Vitesse Energy presently has a consensus rating of “Hold” and an average 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.