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

by · The Markets Daily

Vitesse Energy, Inc. (NYSE:VTSGet Free Report) VP Michael Sabol sold 4,497 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total value of $90,569.58. Following the transaction, the vice president directly owned 64,914 shares in the company, valued at $1,307,367.96. This represents a 6.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vitesse Energy Stock Performance

NYSE VTS traded down $0.54 during trading on Friday, hitting $19.22. 388,662 shares of the company’s stock traded hands, compared to its average volume of 391,718. The business has a 50 day moving average of $20.47 and a 200-day moving average of $22.68. Vitesse Energy, Inc. has a 12-month low of $18.84 and a 12-month high of $27.49. The stock 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 quick ratio of 0.85 and a current ratio of 0.85.

Vitesse Energy (NYSE:VTSGet Free Report) last issued 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). Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. The firm had revenue of $67.44 million for the quarter, compared to analysts’ expectations of $65.70 million. As a group, equities research analysts anticipate that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on VTS. Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Evercore ISI dropped their target price on 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. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Two equities 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 company presently has an average rating of “Hold” and a consensus target price of $24.50.

Check Out Our Latest Stock Analysis on VTS

Hedge Funds Weigh In On Vitesse Energy

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Vitesse Energy by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,351,220 shares of the company’s stock valued at $31,389,000 after purchasing an additional 35,320 shares during the period. Punch & Associates Investment Management Inc. raised its position in Vitesse Energy by 17.9% in the third 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. American Century Companies Inc. boosted its stake in shares of Vitesse Energy by 12.9% during the 3rd quarter. American Century Companies Inc. now owns 954,590 shares of the company’s stock worth $22,175,000 after acquiring an additional 108,742 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Vitesse Energy by 9.5% in the 2nd quarter. Geode Capital Management LLC now owns 695,919 shares of the company’s stock worth $15,376,000 after purchasing an additional 60,229 shares in the last quarter. Finally, GoodHaven Capital Management LLC grew its holdings in Vitesse Energy by 0.8% during the third quarter. GoodHaven Capital Management LLC now owns 556,501 shares of the company’s stock valued at $12,928,000 after purchasing an additional 4,350 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Company Profile

(Get Free Report)

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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