Vitesse Energy (NYSE:VTS) CEO Sells $574,951.02 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 28,994 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $19.83, for a total transaction of $574,951.02. Following the completion of the transaction, the chief executive officer owned 485,699 shares of the company’s stock, valued at approximately $9,631,411.17. The trade was a 5.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Vitesse Energy Stock Down 2.7%

NYSE:VTS traded down $0.54 during midday trading on Friday, hitting $19.22. 388,662 shares of the company were exchanged, compared to its average volume of 391,718. Vitesse Energy, Inc. has a fifty-two week low of $18.84 and a fifty-two week high of $27.49. The company has a market capitalization of $743.24 million, a PE ratio of 38.44 and a beta of 0.64. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $22.68.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). The firm had revenue of $67.44 million for the quarter, compared to analysts’ expectations of $65.70 million. Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%. As a group, equities analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VTS shares. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Evercore ISI dropped their target price on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. Zacks Research downgraded Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Vitesse Energy currently has an average rating of “Hold” and a consensus price target of $24.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Vitesse Energy by 2,499.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,001 shares of the company’s stock worth $9,757,000 after acquiring an additional 403,843 shares in the last quarter. Millennium Management LLC boosted its position in shares of Vitesse Energy by 2,102.0% during the 3rd quarter. Millennium Management LLC now owns 204,350 shares of the company’s stock worth $4,747,000 after purchasing an additional 195,070 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings 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 valued at $29,572,000 after purchasing an additional 193,195 shares in the last quarter. First Wilshire Securities Management Inc. increased its holdings 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 valued at $4,943,000 after purchasing an additional 188,774 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Vitesse Energy by 20.0% in the second quarter. American Century Companies Inc. now owns 845,848 shares of the company’s stock valued at $18,685,000 after purchasing an additional 140,768 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

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.