Vitesse Energy (NYSE:VTS) President Brian Cree Sells 16,190 Shares

Vitesse Energy, Inc. (NYSE:VTS) President Brian Cree sold 16,190 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $19.82, for a total value of $320,885.80. Following the transaction, the president directly owned 503,489 shares of the company’s stock, valued at approximately $9,979,151.98. This represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Brian Cree also recently made the following trade(s):

• On Wednesday, January 14th, Brian Cree sold 43,216 shares of Vitesse Energy stock. The shares were sold at an average price of $20.12, for a total transaction of $869,505.92.

Vitesse Energy Trading Down 2.7%

Shares of NYSE:VTS traded down $0.54 during trading on Friday, reaching $19.22. The stock had a trading volume of 388,662 shares, compared to its average volume of 391,718. Vitesse Energy, Inc. has a 52 week low of $18.84 and a 52 week high of $27.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s fifty day moving average is $20.47 and its 200 day moving average is $22.68. The stock has a market cap of $743.24 million, a price-to-earnings ratio of 38.44 and a beta of 0.64.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.13). The business had revenue of $67.44 million for the quarter, compared to analyst estimates 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 forecast that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

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

Analyst Ratings Changes

VTS has been the topic of several research analyst reports. Evercore ISI cut their target price 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 research note on Monday, December 29th. Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.50.

Hedge Funds Weigh In On Vitesse Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in VTS. Parallel Advisors LLC raised its holdings in Vitesse Energy by 74.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock worth $29,000 after purchasing an additional 557 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Vitesse Energy during the third quarter valued at about $34,000. Rakuten Investment Management Inc. bought a new position in Vitesse Energy in the third quarter worth about $37,000. CWM LLC lifted its holdings in Vitesse Energy by 138.8% in the second quarter. CWM LLC now owns 1,827 shares of the company’s stock worth $40,000 after buying an additional 1,062 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Vitesse Energy by 203.6% in the third quarter. Jones Financial Companies Lllp now owns 1,770 shares of the company’s stock worth $43,000 after buying an additional 1,187 shares during the period. Institutional investors 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.