Vitesse Energy (NYSE:VTS) VP Sells $90,569.58 in Stock

Vitesse Energy, Inc. (NYSE:VTS) VP Michael Sabol sold 4,497 shares of the business’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 $90,569.58. Following the completion of the sale, the vice president directly owned 64,914 shares of the company’s stock, valued at approximately $1,307,367.96. This trade represents a 6.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Vitesse Energy Price Performance

VTS opened at $19.22 on Monday. 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 stock’s 50 day simple moving average is $20.43 and its 200 day simple moving average is $22.66. The firm has a market cap of $743.24 million, a price-to-earnings ratio of 38.44 and a beta of 0.64. Vitesse Energy, Inc. has a 1 year low of $18.84 and a 1 year high of $27.49.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) earnings per share 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 the consensus estimate of $65.70 million. Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. As a group, analysts predict that Vitesse Energy, Inc. will post 1.05 earnings per share for the current year.

Vitesse Energy Announces Dividend

The company also recently declared 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 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 (DPR) is 450.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Evercore ISI decreased their target price 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Two research 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, 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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Argentarii LLC bought a new position in Vitesse Energy in the fourth quarter worth $561,000. SG Americas Securities LLC increased its stake in shares of Vitesse Energy by 37.7% in the 4th quarter. SG Americas Securities LLC now owns 40,740 shares of the company’s stock worth $785,000 after acquiring an additional 11,155 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Vitesse Energy by 2.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 208,250 shares of the company’s stock valued at $4,838,000 after acquiring an additional 5,356 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Vitesse Energy by 4.4% during the third quarter. CIBC Private Wealth Group LLC now owns 30,965 shares of the company’s stock worth $719,000 after acquiring an additional 1,306 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Vitesse Energy in the third quarter worth about $793,000. 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.