Vitesse Energy (NYSE:VTS) CEO Sells $1,827,443.18 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 90,737 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $20.14, for a total transaction of $1,827,443.18. Following the completion of the sale, the chief executive officer owned 514,693 shares of the company’s stock, valued at $10,365,917.02. This trade represents a 14.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Vitesse Energy Trading Down 2.7%

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

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 the consensus estimate of $0.10 by ($0.13). Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%.The business had revenue of $67.44 million during the quarter, compared to analysts’ expectations of $65.70 million. On average, analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend was Monday, December 15th. Vitesse Energy’s payout ratio is currently 450.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VTS. Sprinkle Financial Consultants LLC purchased a new stake in shares of Vitesse Energy during the second quarter valued at about $281,000. American Century Companies Inc. grew its position in shares of Vitesse Energy by 20.0% in the 2nd 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. bought a new position in shares of Vitesse Energy during the 2nd quarter worth approximately $291,000. First Wilshire Securities Management Inc. lifted its position in Vitesse Energy by 539.7% during 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. Finally, GoodHaven Capital Management LLC boosted its stake in Vitesse Energy by 2.7% in the second 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 in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VTS has been the subject of several research reports. Evercore ISI lowered their price objective on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Monday, October 6th. Weiss Ratings reaffirmed 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 downgraded Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Vitesse Energy presently has an average rating of “Hold” and a consensus price target 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.