Key Points
- CEO Robert Gerrity sold $1,827,443.18 (90,737 shares) at an average price of $20.14, reducing his stake by about 14.99% to 514,693 shares.
- Multiple other senior executives — including President Brian Cree, CAO Mike Morella and VP Michael Sabol — also sold shares in recent SEC filings, indicating notable insider selling activity.
- Vitesse pays a high annualized dividend of 11.7% ($2.25), but the dividend payout ratio is an elevated 450% and the company recently missed EPS estimates, which raises concerns about dividend sustainability.
Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) VP Michael Sabol sold 4,497 shares of Vitesse Energy stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total transaction of $90,569.58. Following the transaction, the vice president owned 64,914 shares of the company's stock, valued at $1,307,367.96. The trade was a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Vitesse Energy Stock Performance
Vitesse Energy stock opened at $19.22 on Friday. Vitesse Energy, Inc. has a twelve month low of $18.84 and a twelve month high of $27.49. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $743.24 million, a P/E ratio of 38.44 and a beta of 0.64. The stock's 50 day moving average is $20.43 and its 200 day moving average is $22.66.
Vitesse Energy (NYSE:VTS - Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.13). Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. The company had revenue of $67.44 million for the quarter, compared to analysts' expectations of $65.70 million. On average, equities research analysts predict that Vitesse Energy, Inc. will post 1.05 earnings per share for the current fiscal year.
Vitesse Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.5625 dividend. 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 payout ratio is presently 450.00%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in Vitesse Energy by 74.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company's stock worth $29,000 after purchasing an additional 557 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Vitesse Energy in the 3rd quarter worth $34,000. Rakuten Investment Management Inc. purchased a new position in shares of Vitesse Energy in the 3rd quarter worth $37,000. Jones Financial Companies Lllp grew its holdings in shares of 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 acquiring an additional 1,187 shares during the period. Finally, CWM LLC increased its position in Vitesse Energy by 138.8% during the second quarter. CWM LLC now owns 1,827 shares of the company's stock valued at $40,000 after acquiring an additional 1,062 shares during the last quarter. Institutional investors own 51.63% of the company's stock.
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
Wall Street Analyst Weigh In
VTS has been the subject of several recent analyst reports. Zacks Research cut shares of Vitesse Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of Vitesse Energy from a "sell" rating to a "hold" rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vitesse Energy in a research report on Monday, December 29th. Finally, Evercore ISI reduced their target price on Vitesse Energy from $22.00 to $20.00 and set an "in-line" rating for the company in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $24.50.
Get Our Latest Research Report on Vitesse Energy
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.
Further Reading
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