Vitesse Energy (NYSE:VTS) CAO Sells $104,716.26 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CAO Mike Morella sold 5,202 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $20.13, for a total transaction of $104,716.26. Following the completion of the sale, the chief accounting officer directly owned 82,413 shares of the company’s stock, valued at approximately $1,658,973.69. This represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Vitesse Energy Trading Down 2.7%

Shares of VTS opened at $19.22 on Monday. Vitesse Energy, Inc. has a 1-year low of $18.84 and a 1-year high of $27.49. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $20.43 and its 200-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 issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $65.70 million. Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%. Sell-side analysts anticipate that Vitesse Energy, Inc. will post 1.05 EPS for the current year.

Vitesse Energy Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend was Monday, December 15th. Vitesse Energy’s dividend payout ratio is presently 450.00%.

Hedge Funds Weigh In On Vitesse Energy

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in Vitesse Energy by 21.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company’s stock valued at $67,000 after purchasing an additional 538 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Vitesse Energy by 5.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,522 shares of the company’s stock worth $234,000 after purchasing an additional 557 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Vitesse Energy by 74.7% during the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock valued at $29,000 after purchasing an additional 557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 buying an additional 861 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position 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 buying an additional 953 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in 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. Weiss Ratings restated a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 29th. Evercore ISI lowered their target price on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Finally, Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.50.

Key Headlines 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

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.