Robert Gerrity Sells 90,737 Shares of Vitesse Energy (NYSE:VTS) Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert Gerrity sold 90,737 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total value of $1,827,443.18. Following the completion of the transaction, the chief executive officer directly owned 514,693 shares in the company, valued at $10,365,917.02. This trade represents a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vitesse Energy Price Performance

Shares of NYSE VTS opened at $19.22 on Friday. 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 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 price-to-earnings ratio of 38.44 and a beta of 0.64. The business has a 50-day moving average of $20.43 and a 200-day moving average of $22.66.

Vitesse Energy (NYSE:VTS) last released its quarterly 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 company had revenue of $67.44 million for the quarter, compared to analyst estimates of $65.70 million. Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%. On average, equities analysts anticipate that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

The company 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. The ex-dividend date was Monday, December 15th. This represents a $2.25 annualized dividend and a dividend yield of 11.7%. Vitesse Energy’s dividend payout ratio is 450.00%.

Key Stories Impacting 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

Institutional Trading of Vitesse Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of Vitesse Energy by 74.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock worth $29,000 after acquiring an additional 557 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Vitesse Energy during the 3rd quarter valued at approximately $34,000. Rakuten Investment Management Inc. bought a new position in Vitesse Energy during the third quarter worth $37,000. Jones Financial Companies Lllp boosted its holdings in Vitesse Energy by 203.6% in the third quarter. Jones Financial Companies Lllp now owns 1,770 shares of the company’s stock worth $43,000 after purchasing an additional 1,187 shares during the period. Finally, CWM LLC boosted its holdings in Vitesse Energy by 138.8% in the second quarter. CWM LLC now owns 1,827 shares of the company’s stock worth $40,000 after purchasing an additional 1,062 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VTS shares. Zacks Research lowered shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. 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. Weiss Ratings restated a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 29th. Finally, Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. 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 stock has a consensus 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.