Vanguard Group Inc. Sells 76,572 Shares of Vitesse Energy, Inc. $VTS

Vanguard Group Inc. lessened its holdings in Vitesse Energy, Inc. (NYSE:VTS) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,962,305 shares of the company’s stock after selling 76,572 shares during the period. Vanguard Group Inc. owned approximately 7.66% of Vitesse Energy worth $68,814,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VTS. American Century Companies Inc. increased its holdings 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 buying an additional 140,768 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Vitesse Energy in the second quarter valued at about $291,000. First Wilshire Securities Management Inc. boosted its stake in Vitesse Energy by 539.7% in the second quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock valued at $4,943,000 after acquiring an additional 188,774 shares during the last quarter. GoodHaven Capital Management LLC grew its position in shares of Vitesse Energy by 2.7% during the 2nd quarter. GoodHaven Capital Management LLC now owns 552,151 shares of the company’s stock valued at $12,197,000 after acquiring an additional 14,300 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Vitesse Energy by 9.5% during the 2nd quarter. Geode Capital Management LLC now owns 695,919 shares of the company’s stock valued at $15,376,000 after acquiring an additional 60,229 shares during the period. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Trading Up 1.2%

Shares of Vitesse Energy stock opened at $19.50 on Friday. The stock has a market capitalization of $775.71 million, a P/E ratio of 30.95 and a beta of 0.68. Vitesse Energy, Inc. has a 52-week low of $17.44 and a 52-week high of $27.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.85 and a current ratio of 1.02. The stock’s 50-day simple moving average is $20.37 and its 200 day simple moving average is $21.84.

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

Vitesse Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Monday, March 16th. Vitesse Energy’s dividend payout ratio is presently 357.14%.

Insider Buying and Selling

In related news, CAO Mike Morella sold 5,202 shares of Vitesse Energy stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.13, for a total value of $104,716.26. Following the completion of the transaction, the chief accounting officer directly owned 82,413 shares in the company, valued at approximately $1,658,973.69. The trade was a 5.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert W. Gerrity sold 90,737 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total transaction of $1,827,443.18. Following the sale, the chief executive officer directly owned 514,693 shares in the company, valued at $10,365,917.02. The trade was a 14.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 341,808 shares of company stock valued at $6,758,540. Company insiders own 18.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on VTS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 29th. Wall Street Zen lowered Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Saturday. Two 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, Vitesse Energy has a consensus rating of “Hold” and a consensus target price 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.