Vitesse Energy (NYSE:VTS) President Sells $28,353.60 in Stock
by Scott Moore · The Cerbat GemVitesse Energy, Inc. (NYSE:VTS – Get Free Report) President Brian Cree sold 1,440 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $19.69, for a total transaction of $28,353.60. Following the completion of the transaction, the president owned 464,225 shares of the company’s stock, valued at approximately $9,140,590.25. This trade represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Brian Cree also recently made the following trade(s):
- On Tuesday, January 20th, Brian Cree sold 18,000 shares of Vitesse Energy stock. The stock was sold at an average price of $19.33, for a total transaction of $347,940.00.
- On Friday, January 16th, Brian Cree sold 19,824 shares of Vitesse Energy stock. The shares were sold at an average price of $19.37, for a total transaction of $383,990.88.
- On Thursday, January 15th, Brian Cree sold 16,190 shares of Vitesse Energy stock. The shares were sold at an average price of $19.82, for a total transaction of $320,885.80.
- On Wednesday, January 14th, Brian Cree sold 43,216 shares of Vitesse Energy stock. The stock was sold at an average price of $20.12, for a total transaction of $869,505.92.
Vitesse Energy Trading Up 0.9%
Shares of Vitesse Energy stock traded up $0.18 during trading on Wednesday, hitting $19.58. The company’s stock had a trading volume of 527,099 shares, compared to its average volume of 411,761. The stock has a market cap of $757.12 million, a price-to-earnings ratio of 39.16 and a beta of 0.64. Vitesse Energy, Inc. has a 52 week low of $18.84 and a 52 week high of $27.17. The stock has a 50-day moving average price of $20.34 and a two-hundred day moving average price of $22.60. 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 (NYSE:VTS – Get Free Report) last announced its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). The company had revenue of $67.44 million for the quarter, compared to the consensus estimate of $65.70 million. Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%. Equities research analysts anticipate that Vitesse Energy, Inc. will post 1.05 EPS for the current fiscal year.
Vitesse Energy Announces Dividend
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend was Monday, December 15th. Vitesse Energy’s payout ratio is currently 450.00%.
Analyst Ratings Changes
A number of analysts have weighed in on VTS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. 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 research note on Monday, October 6th. Finally, Zacks Research cut shares of 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 four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Vitesse Energy currently has an average rating of “Hold” and a consensus price target of $24.50.
Read Our Latest Analysis on VTS
Institutional Trading of Vitesse Energy
Several hedge funds have recently modified their holdings of the stock. Daytona Street Capital LLC acquired a new position in shares of Vitesse Energy during the 4th quarter valued at $154,000. Stratos Wealth Partners LTD. acquired a new stake in Vitesse Energy in the fourth quarter worth $324,000. Harbor Capital Advisors Inc. increased its stake in Vitesse Energy by 3.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 143,772 shares of the company’s stock valued at $2,769,000 after purchasing an additional 5,127 shares in the last quarter. Argentarii LLC acquired a new position in shares of Vitesse Energy during the fourth quarter valued at about $561,000. Finally, SG Americas Securities LLC boosted its position in shares of Vitesse Energy by 37.7% during the 4th quarter. SG Americas Securities LLC now owns 40,740 shares of the company’s stock worth $785,000 after purchasing an additional 11,155 shares in the last quarter. Institutional investors 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.
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