Vitesse Energy, Inc. (NYSE:VTS) CEO Robert W. Gerrity Buys 10,000 Shares

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert W. Gerrity acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $24.73 per share, with a total value of $247,300.00. Following the acquisition, the chief executive officer now directly owns 495,311 shares of the company’s stock, valued at approximately $12,249,041.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Vitesse Energy Stock Performance

Shares of NYSE VTS traded down $0.70 during trading on Monday, reaching $23.89. 228,523 shares of the stock traded hands, compared to its average volume of 199,006. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $703.68 million, a P/E ratio of 28.43 and a beta of 0.24. Vitesse Energy, Inc. has a 52-week low of $19.63 and a 52-week high of $26.68. The company has a 50-day moving average of $24.81 and a 200-day moving average of $24.11.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $66.60 million during the quarter, compared to the consensus estimate of $63.89 million. Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. Analysts forecast that Vitesse Energy, Inc. will post 1.4 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date is Monday, September 16th. Vitesse Energy’s payout ratio is currently 250.00%.

Analyst Ratings Changes

Separately, Alliance Global Partners reduced their target price on shares of Vitesse Energy from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Heritage Wealth Management Inc. purchased a new stake in shares of Vitesse Energy during the second quarter worth $503,000. The Manufacturers Life Insurance Company raised its stake in shares of Vitesse Energy by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company’s stock valued at $230,000 after purchasing an additional 492 shares during the period. Squarepoint Ops LLC lifted its holdings in Vitesse Energy by 38.3% during the 2nd quarter. Squarepoint Ops LLC now owns 68,307 shares of the company’s stock worth $1,619,000 after purchasing an additional 18,904 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its stake in Vitesse Energy by 10.5% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 20,970 shares of the company’s stock worth $497,000 after purchasing an additional 2,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Vitesse Energy by 18.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after buying an additional 144,166 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Company Profile

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.