Michael Sabol Sells 4,497 Shares of Vitesse Energy (NYSE:VTS) Stock

Vitesse Energy, Inc. (NYSE:VTS) VP Michael Sabol sold 4,497 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total transaction of $90,569.58. Following the sale, the vice president owned 64,914 shares of the company’s stock, valued at approximately $1,307,367.96. The trade was a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vitesse Energy Trading Down 2.7%

NYSE:VTS traded down $0.54 during mid-day trading on Friday, reaching $19.22. 388,662 shares of the company’s stock traded hands, compared to its average volume of 391,718. The company has a 50 day moving average price of $20.47 and a 200-day moving average price of $22.68. The firm has a market capitalization of $743.24 million, a price-to-earnings 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. Vitesse Energy, Inc. has a 12-month low of $18.84 and a 12-month high of $27.49.

Vitesse Energy (NYSE:VTS) last posted 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 firm had revenue of $67.44 million for 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%. On average, sell-side analysts predict that Vitesse Energy, Inc. will post 1.05 earnings per share for the current year.

Vitesse Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VTS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 29th. Evercore ISI decreased their price objective on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Monday, October 6th. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.

Institutional Investors Weigh In On Vitesse Energy

A number of large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in 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 purchasing an additional 557 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Vitesse Energy during the 3rd quarter worth approximately $34,000. Rakuten Investment Management Inc. bought a new position in Vitesse Energy in the third quarter worth approximately $37,000. CWM LLC lifted its holdings in shares of Vitesse Energy by 138.8% in the second quarter. CWM LLC now owns 1,827 shares of the company’s stock valued at $40,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Vitesse Energy by 203.6% during the third quarter. Jones Financial Companies Lllp now owns 1,770 shares of the company’s stock valued at $43,000 after buying an additional 1,187 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

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.