Insider Selling: Vitesse Energy (NYSE:VTS) President Sells 19,824 Shares of Stock

Vitesse Energy, Inc. (NYSE:VTS) President Brian Cree sold 19,824 shares of Vitesse Energy stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $19.37, for a total value of $383,990.88. Following the completion of the sale, the president directly owned 483,665 shares in the company, valued at approximately $9,368,591.05. This represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, January 21st, Brian Cree sold 1,440 shares of Vitesse Energy stock. The stock was sold at an average price of $19.69, for a total transaction of $28,353.60.
• 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 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 transaction of $869,505.92.

Vitesse Energy Stock Up 0.9%

NYSE:VTS traded up $0.18 on Wednesday, hitting $19.58. 527,099 shares of the company’s stock were exchanged, compared to its average volume of 411,761. The firm has a 50-day moving average price of $20.34 and a 200-day moving average price of $22.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. Vitesse Energy, Inc. has a 52 week low of $18.84 and a 52 week high of $27.17. The company has a market cap of $757.12 million, a P/E ratio of 39.16 and a beta of 0.64.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data 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). The company had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. As a group, analysts expect that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend was Monday, December 15th. Vitesse Energy’s dividend payout ratio is presently 450.00%.

Wall Street Analyst Weigh In

Several analysts have issued reports on VTS shares. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Zacks Research lowered shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Finally, Evercore ISI reduced their price target on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.50.

Hedge Funds Weigh In On Vitesse Energy

Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Vitesse Energy by 48.3% during the 1st quarter. Royal Bank of Canada now owns 36,074 shares of the company’s stock worth $888,000 after purchasing an additional 11,747 shares during the last quarter. AQR Capital Management LLC grew its holdings in Vitesse Energy by 29.7% in the 1st quarter. AQR Capital Management LLC now owns 21,841 shares of the company’s stock valued at $535,000 after buying an additional 5,002 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Vitesse Energy by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297 shares of the company’s stock worth $376,000 after buying an additional 1,065 shares during the period. Millennium Management LLC lifted its holdings in shares of Vitesse Energy by 241.7% during the first quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock worth $4,415,000 after buying an additional 126,991 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Vitesse Energy by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 203,813 shares of the company’s stock valued at $5,012,000 after acquiring an additional 9,943 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.