Argentarii LLC Makes New $561,000 Investment in Vitesse Energy, Inc. $VTS

Argentarii LLC purchased a new stake in shares of Vitesse Energy, Inc. (NYSE:VTS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 29,145 shares of the company’s stock, valued at approximately $561,000. Argentarii LLC owned 0.08% of Vitesse Energy as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VTS. State of Alaska Department of Revenue bought a new stake in shares of Vitesse Energy in the 3rd quarter worth about $34,000. Rakuten Investment Management Inc. purchased a new stake in Vitesse Energy in the 3rd quarter worth about $37,000. Jones Financial Companies Lllp lifted its stake 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 last quarter. Strs Ohio bought a new stake in Vitesse Energy in the first quarter worth about $54,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Vitesse Energy by 21.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company’s stock valued at $67,000 after buying an additional 538 shares during the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vitesse Energy news, CEO Robert W. Gerrity sold 90,737 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total transaction of $1,827,443.18. Following the transaction, the chief executive officer directly owned 514,693 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Also, President Brian Cree sold 43,216 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $20.12, for a total transaction of $869,505.92. Following the transaction, the president owned 519,679 shares of the company’s stock, valued at approximately $10,455,941.48. This trade represents a 7.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 341,808 shares of company stock valued at $6,758,540. 18.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VTS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Wall Street Zen downgraded Vitesse Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 7th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.50.

Vitesse Energy Stock Performance

VTS opened at $19.50 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. Vitesse Energy, Inc. has a 52-week low of $17.44 and a 52-week high of $27.15. The company has a market cap of $775.75 million, a P/E ratio of 30.95 and a beta of 0.68. The firm’s 50-day moving average price is $20.36 and its 200-day moving average price is $21.20.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, March 2nd. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.12). The firm had revenue of $58.62 million during the quarter, compared to analyst estimates of $67.10 million. Vitesse Energy had a net margin of 9.23% and a return on equity of 4.38%. As a group, equities analysts anticipate that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.75 dividend on an annualized basis and a yield of 9.0%. Vitesse Energy’s payout ratio is presently 277.78%.

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.