Vitesse Energy (NYSE:VTS) CEO Robert Gerrity Sells 31,460 Shares of Stock

Vitesse Energy, Inc. (NYSE:VTSGet Free Report) CEO Robert Gerrity sold 31,460 shares of Vitesse Energy stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $19.39, for a total transaction of $610,009.40. Following the sale, the chief executive officer owned 454,239 shares of the company’s stock, valued at approximately $8,807,694.21. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vitesse Energy Price Performance

Shares of NYSE:VTS opened at $19.58 on Thursday. The company’s fifty day moving average price is $20.31 and its 200-day moving average price is $22.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $757.12 million, a price-to-earnings ratio of 39.16 and a beta of 0.64. Vitesse Energy, Inc. has a one year low of $18.84 and a one year high of $27.17.

Vitesse Energy (NYSE:VTSGet 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 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%. On average, 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 company also recently disclosed 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. The ex-dividend date was Monday, December 15th. This represents a $2.25 annualized dividend and a dividend yield of 11.5%. Vitesse Energy’s dividend payout ratio is 450.00%.

Vitesse Energy News Roundup

Here are the key news stories impacting Vitesse Energy this week:

  • Neutral Sentiment: President Brian Cree sold 1,440 shares on Jan. 21 at an average price of $19.69 (?$28.4k). This is a small reduction (0.31%) of his stake and is unlikely by itself to move the stock materially. SEC Filing
  • Negative Sentiment: President Brian Cree sold 18,000 shares on Jan. 20 at an average of $19.33 (~$348k), cutting his stake by ~3.72%. Larger insider sales from senior management can be viewed negatively by investors. SEC Filing
  • Negative Sentiment: President Brian Cree sold 19,824 shares on Jan. 16 at an average of $19.37 (~$384k), reducing his position by ~3.94%. Combined with the Jan. 20–21 sales, this marks meaningful insider liquidity. SEC Filing
  • Negative Sentiment: CEO Robert W. Gerrity sold 36,785 shares on Jan. 21 at an average of $19.66 (~$723k), a ~9.0% reduction in his holdings. CEO sales of this scale often trigger investor concern about management’s view of near-term upside. SEC Filing
  • Negative Sentiment: CEO Robert W. Gerrity sold 45,463 shares on Jan. 20 at an average of $19.29 (~$877k), a ~10.01% cut. Multiple large sales across consecutive days amplify the negative signal. SEC Filing
  • Negative Sentiment: CEO Robert W. Gerrity sold 31,460 shares on Jan. 16 at an average of $19.39 (~$610k), a ~6.48% reduction. Aggregated CEO sales over Jan. 16–21 represent a substantial transfer of insider-held stock to the market. SEC Filing

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on VTS

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VTS. Daytona Street Capital LLC purchased a new position in shares of Vitesse Energy in the fourth quarter worth $154,000. Stratos Wealth Partners LTD. bought a new stake in Vitesse Energy in the 4th quarter worth $324,000. Harbor Capital Advisors Inc. increased its position in shares of 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 acquiring an additional 5,127 shares during the period. Argentarii LLC bought a new position in shares of Vitesse Energy during the fourth quarter valued at about $561,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Vitesse Energy by 37.7% during the fourth 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 during the period. 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.

Further Reading

Insider Buying and Selling by Quarter for Vitesse Energy (NYSE:VTS)

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