Robert Gerrity Sells 28,994 Shares of Vitesse Energy (NYSE:VTS) Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 28,994 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $19.83, for a total value of $574,951.02. Following the transaction, the chief executive officer directly owned 485,699 shares of the company’s stock, valued at $9,631,411.17. The trade was a 5.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Vitesse Energy Trading Down 2.7%

Shares of VTS opened at $19.22 on Friday. Vitesse Energy, Inc. has a 1-year low of $18.84 and a 1-year high of $27.49. The company has a market capitalization of $743.24 million, a P/E ratio of 38.44 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50 day simple moving average is $20.43 and its 200 day simple moving average is $22.66.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 5.71% and a net margin of 7.70%. Sell-side analysts forecast that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

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

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VTS. Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Evercore ISI reduced 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 research report on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vitesse Energy has an average rating of “Hold” and a consensus target price of $24.50.

Institutional Trading of Vitesse Energy

Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its holdings in shares of Vitesse Energy by 21.8% in the second quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company’s stock worth $67,000 after purchasing an additional 538 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Vitesse Energy by 5.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,522 shares of the company’s stock worth $234,000 after acquiring an additional 557 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Vitesse Energy by 74.7% in the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock valued at $29,000 after acquiring an additional 557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Vitesse Energy by 5.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,158 shares of the company’s stock valued at $357,000 after acquiring an additional 861 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of Vitesse Energy by 8.1% during the third quarter. Ausdal Financial Partners Inc. now owns 12,674 shares of the company’s stock valued at $294,000 after acquiring an additional 953 shares during the last quarter. Hedge funds and other 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.