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

Vitesse Energy, Inc. (NYSE:VTS) President Brian Cree sold 1,440 shares of Vitesse Energy 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 transaction, the president owned 464,225 shares of the company’s stock, valued at $9,140,590.25. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $19.37, for a total value 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 value 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 Trading Down 0.5%

Shares of Vitesse Energy stock opened at $19.53 on Friday. The company has a market capitalization of $755.34 million, a P/E ratio of 39.07 and a beta of 0.64. The stock has a fifty day simple moving average of $20.25 and a 200 day simple moving average of $22.54. Vitesse Energy, Inc. has a 12-month low of $18.84 and a 12-month 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) earnings per share (EPS) 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 firm had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. On average, sell-side analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Announces Dividend

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

Hedge Funds Weigh In On Vitesse Energy

Large investors have recently made changes to their positions in the stock. Daytona Street Capital LLC bought a new stake in shares of Vitesse Energy during the 4th quarter valued at $154,000. Stratos Wealth Partners LTD. bought a new stake in shares of Vitesse Energy during the fourth quarter valued at about $324,000. Harbor Capital Advisors Inc. increased its position in shares of Vitesse Energy by 3.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 143,772 shares of the company’s stock valued at $2,769,000 after buying an additional 5,127 shares during the period. Argentarii LLC purchased a new stake in shares of Vitesse Energy in the fourth quarter worth about $561,000. Finally, SG Americas Securities LLC boosted its position in shares of Vitesse Energy by 37.7% in the fourth quarter. SG Americas Securities LLC now owns 40,740 shares of the company’s stock valued at $785,000 after acquiring an additional 11,155 shares during the period. 51.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VTS has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Evercore ISI cut their price target on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. Zacks Research downgraded shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock 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.