Vitesse Energy (NYSE:VTS) CEO Sells $723,193.10 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 36,785 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $19.66, for a total value of $723,193.10. Following the completion of the sale, the chief executive officer owned 371,991 shares in the company, valued at $7,313,343.06. This represents a 9.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vitesse Energy Stock Performance

Shares of NYSE:VTS traded up $0.18 on Wednesday, hitting $19.58. The company had a trading volume of 527,099 shares, compared to its average volume of 411,761. The stock has a market cap of $757.12 million, a price-to-earnings ratio of 39.16 and a beta of 0.64. The stock has a 50 day moving average price of $20.34 and a 200 day moving average price of $22.60. Vitesse Energy, Inc. has a 1-year low of $18.84 and a 1-year high of $27.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18.

Vitesse Energy (NYSE:VTS) last posted its 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 firm 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%. Analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 yield of 11.5%. The ex-dividend date was Monday, December 15th. Vitesse Energy’s dividend payout ratio is presently 450.00%.

Institutional Investors Weigh In On Vitesse Energy

A number of institutional investors have recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Vitesse Energy by 20.0% during 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 in the last quarter. Wedbush Securities Inc. acquired a new position in shares of Vitesse Energy during the 2nd quarter valued at $291,000. First Wilshire Securities Management Inc. lifted its position in shares of Vitesse Energy by 539.7% during the 2nd 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 period. Signaturefd LLC boosted its stake in Vitesse Energy by 415.7% during the second quarter. Signaturefd LLC now owns 2,393 shares of the company’s stock worth $53,000 after acquiring an additional 1,929 shares in the last quarter. Finally, GoodHaven Capital Management LLC grew its holdings in Vitesse Energy by 2.7% in the second quarter. GoodHaven Capital Management LLC now owns 552,151 shares of the company’s stock worth $12,197,000 after purchasing an additional 14,300 shares during the period. 51.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Evercore ISI decreased their target price on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Monday, October 6th. Finally, Zacks Research downgraded Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Vitesse Energy currently has an average rating of “Hold” and a consensus 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.