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

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

Vitesse Energy Trading Down 2.8 %

NYSE VTS opened at $23.89 on Tuesday. The firm has a market capitalization of $703.68 million, a price-to-earnings ratio of 28.44 and a beta of 0.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.83. Vitesse Energy, Inc. has a one year low of $19.63 and a one year high of $26.68. The company’s 50 day moving average price is $24.81 and its 200 day moving average price is $24.12.

Vitesse Energy (NYSE:VTS) last posted its earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. The business had revenue of $66.60 million for the quarter, compared to analyst estimates of $63.89 million. On average, sell-side analysts predict that Vitesse Energy, Inc. will post 1.4 EPS for the current year.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.79%. Vitesse Energy’s dividend payout ratio (DPR) is currently 250.00%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cove Street Capital LLC grew its position in Vitesse Energy by 1,356.0% in the fourth quarter. Cove Street Capital LLC now owns 278,263 shares of the company’s stock valued at $6,091,000 after acquiring an additional 259,151 shares in the last quarter. American Century Companies Inc. grew its holdings in Vitesse Energy by 267.2% during the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock valued at $6,769,000 after purchasing an additional 207,831 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Vitesse Energy during the 4th quarter worth $3,266,000. Lee Danner & Bass Inc. acquired a new position in Vitesse Energy in the 2nd quarter worth $3,430,000. Finally, Dimensional Fund Advisors LP boosted its position in Vitesse Energy by 18.8% in 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 during the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

About Vitesse Energy

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.