Vitesse Energy (NYSE:VTS) President Sells $28,353.60 in Stock

Vitesse Energy, Inc. (NYSE:VTS) President Brian Cree sold 1,440 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $19.69, for a total transaction of $28,353.60. Following the completion of the transaction, the president directly owned 464,225 shares in the company, valued at $9,140,590.25. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 20th, Brian Cree sold 18,000 shares of Vitesse Energy stock. The shares were sold at an average price of $19.33, for a total transaction of $347,940.00.
• On Friday, January 16th, Brian Cree sold 19,824 shares of Vitesse Energy stock. The shares were sold at an average price of $19.37, for a total transaction of $383,990.88.
• On Thursday, January 15th, Brian Cree sold 16,190 shares of Vitesse Energy stock. The stock was sold at an average price of $19.82, for a total transaction of $320,885.80.
• 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 value of $869,505.92.

Vitesse Energy Stock Performance

NYSE:VTS traded up $0.18 during mid-day trading on Wednesday, hitting $19.58. 527,099 shares of the stock were exchanged, compared to its average volume of 411,761. The firm’s 50-day simple moving average is $20.34 and its 200 day simple moving average is $22.60. The stock has a market capitalization of $757.12 million, a price-to-earnings ratio of 39.16 and a beta of 0.64. Vitesse Energy, Inc. has a fifty-two week low of $18.84 and a fifty-two week high of $27.17. 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 released its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.13). The business had revenue of $67.44 million during the quarter, compared to analyst estimates of $65.70 million. Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. As a group, equities analysts anticipate that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

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

Institutional Trading of Vitesse Energy

A number of hedge funds and other institutional investors have recently modified their holdings of VTS. Ameritas Investment Partners Inc. increased its holdings in shares of Vitesse Energy by 21.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company’s stock worth $67,000 after buying an additional 538 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Vitesse Energy by 5.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,522 shares of the company’s stock worth $234,000 after acquiring an additional 557 shares during the last quarter. Parallel Advisors LLC grew its position in Vitesse Energy by 74.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock worth $29,000 after acquiring an additional 557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vitesse Energy by 5.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,158 shares of the company’s stock worth $357,000 after purchasing an additional 861 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its position in Vitesse Energy by 8.1% in the third quarter. Ausdal Financial Partners Inc. now owns 12,674 shares of the company’s stock valued at $294,000 after purchasing an additional 953 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on VTS. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Zacks Research downgraded shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Evercore ISI reduced 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Vitesse Energy currently has an average rating of “Hold” and an average target price 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.