Vitesse Energy (NYSE:VTS) CAO Mike Morella Sells 5,202 Shares

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

Vitesse Energy Stock Down 2.7%

Vitesse Energy stock opened at $19.22 on Friday. Vitesse Energy, Inc. has a fifty-two week low of $18.84 and a fifty-two week high of $27.49. 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 stock’s fifty day moving average is $20.43 and its two-hundred day moving average is $22.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.

Vitesse Energy (NYSE:VTS) last released 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 business 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%. Analysts predict that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

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

Hedge Funds Weigh In On Vitesse Energy

Several large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Vitesse Energy by 2,499.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,001 shares of the company’s stock worth $9,757,000 after buying an additional 403,843 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Vitesse Energy by 2,102.0% during the 3rd quarter. Millennium Management LLC now owns 204,350 shares of the company’s stock worth $4,747,000 after acquiring an additional 195,070 shares during the period. Punch & Associates Investment Management Inc. lifted its holdings in shares of Vitesse Energy by 17.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,272,995 shares of the company’s stock worth $29,572,000 after acquiring an additional 193,195 shares during the period. First Wilshire Securities Management Inc. boosted its position in shares of Vitesse Energy by 539.7% in the second quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock worth $4,943,000 after acquiring an additional 188,774 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Vitesse Energy by 20.0% in the second quarter. American Century Companies Inc. now owns 845,848 shares of the company’s stock valued at $18,685,000 after purchasing an additional 140,768 shares during the period. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VTS. Weiss Ratings restated a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Evercore ISI decreased their price objective on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.50.

More Vitesse Energy News

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

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.