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

Vanguard Group Inc. lessened its stake in shares of Vitesse Energy, Inc. (NYSE:VTS) by 2.5% in the third quarter, Holdings Channel reports. The institutional investor owned 2,962,305 shares of the company’s stock after selling 76,572 shares during the quarter. Vanguard Group Inc. owned about 0.08% of Vitesse Energy worth $68,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VTS. American Century Companies Inc. boosted its position 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 acquiring an additional 140,768 shares during the period. Geode Capital Management LLC grew its stake in Vitesse Energy by 9.5% during the second 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 in the last quarter. GoodHaven Capital Management LLC grew its stake in Vitesse Energy by 2.7% during 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. First Trust Advisors LP increased its holdings in Vitesse Energy by 9.9% during the 2nd quarter. First Trust Advisors LP now owns 235,738 shares of the company’s stock worth $5,207,000 after acquiring an additional 21,309 shares during the period. Finally, First Wilshire Securities Management Inc. increased its holdings in Vitesse Energy by 539.7% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock worth $4,943,000 after acquiring an additional 188,774 shares during the period. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Stock Performance

NYSE:VTS opened at $19.50 on Friday. The stock has a market cap of $775.71 million, a P/E ratio of 30.95 and a beta of 0.68. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $20.37 and its two-hundred day moving average price is $21.84. Vitesse Energy, Inc. has a twelve month low of $17.44 and a twelve month high of $27.15.

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

Vitesse Energy Cuts Dividend

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

Insiders Place Their Bets

In other news, CEO Robert W. Gerrity sold 90,737 shares of Vitesse Energy 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 completion of the sale, the chief executive officer directly owned 514,693 shares of the company’s stock, valued at approximately $10,365,917.02. The trade was a 14.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Brian Cree sold 43,216 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $20.12, for a total transaction of $869,505.92. Following the completion of the transaction, the president owned 519,679 shares of the company’s stock, valued at $10,455,941.48. This trade represents a 7.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 341,808 shares of company stock valued at $6,758,540 in the last quarter. Corporate insiders own 18.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VTS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Wall Street Zen lowered shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Vitesse Energy has a consensus rating of “Hold” and an average price target 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.