Brian Cree Sells 16,190 Shares of Vitesse Energy (NYSE:VTS) Stock

Vitesse Energy, Inc. (NYSE:VTS) President Brian Cree sold 16,190 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $19.82, for a total transaction of $320,885.80. Following the completion of the sale, the president owned 503,489 shares of the company’s stock, valued at $9,979,151.98. This trade represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 14th, Brian Cree sold 43,216 shares of Vitesse Energy stock. The stock was sold at an average price of $20.12, for a total value of $869,505.92.

Vitesse Energy Price Performance

NYSE:VTS opened at $19.22 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. Vitesse Energy, Inc. has a 12-month low of $18.84 and a 12-month high of $27.49. The stock’s 50 day moving average price is $20.43 and its two-hundred day moving average price is $22.66. The firm has a market capitalization of $743.24 million, a price-to-earnings ratio of 38.44 and a beta of 0.64.

Vitesse Energy (NYSE:VTS) last posted its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $65.70 million. On average, analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current year.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 11.7%. The ex-dividend date was Monday, December 15th. Vitesse Energy’s payout ratio is currently 450.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Vitesse Energy by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,351,220 shares of the company’s stock valued at $31,389,000 after buying an additional 35,320 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its position in shares of Vitesse Energy by 17.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,272,995 shares of the company’s stock valued at $29,572,000 after acquiring an additional 193,195 shares during the period. American Century Companies Inc. grew its holdings in shares of Vitesse Energy by 12.9% during the 3rd quarter. American Century Companies Inc. now owns 954,590 shares of the company’s stock worth $22,175,000 after purchasing an additional 108,742 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Vitesse Energy by 9.5% in the second quarter. Geode Capital Management LLC now owns 695,919 shares of the company’s stock worth $15,376,000 after purchasing an additional 60,229 shares during the period. Finally, GoodHaven Capital Management LLC raised its stake in Vitesse Energy by 0.8% in the third quarter. GoodHaven Capital Management LLC now owns 556,501 shares of the company’s stock valued at $12,928,000 after purchasing an additional 4,350 shares in the last quarter. 51.63% of the stock is owned by institutional investors.

Trending Headlines about Vitesse Energy

Here are the key news stories impacting Vitesse Energy this week:

• Negative Sentiment: CEO Robert W. Gerrity sold 90,737 shares at an average price of $20.14 (≈$1.83M). SEC Filing
• Negative Sentiment: CEO Robert W. Gerrity sold an additional 28,994 shares at ~$19.83 (≈$575k). SEC Filing
• Negative Sentiment: President Brian Cree sold 43,216 shares at $20.12 (≈$870k). SEC Filing
• Negative Sentiment: President Brian Cree sold 16,190 shares at $19.82 (≈$321k). SEC Filing
• Negative Sentiment: CAO Mike Morella sold 5,202 shares at $20.13 (≈$105k). SEC Filing
• Negative Sentiment: VP Michael Sabol sold 4,497 shares at $20.14 (≈$90.6k). SEC Filing

Analysts Set New Price Targets

A number of brokerages recently commented on VTS. Zacks Research lowered shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Finally, Evercore ISI dropped 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 analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company 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.