Insider Buying: Vitesse Energy, Inc. (NYSE:VTS) CEO Purchases 10,000 Shares of Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert W. Gerrity acquired 10,000 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $24.73 per share, with a total value of $247,300.00. Following the completion of the acquisition, the chief executive officer now owns 495,311 shares in the company, valued at approximately $12,249,041.03. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vitesse Energy Stock Up 0.2 %

Shares of Vitesse Energy stock opened at $24.51 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $24.83 and its two-hundred day simple moving average is $24.13. The company has a market cap of $721.82 million, a P/E ratio of 29.18 and a beta of 0.24. Vitesse Energy, Inc. has a 12-month low of $19.63 and a 12-month high of $26.68.

Vitesse Energy (NYSE:VTS) last issued 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 company had revenue of $66.60 million for the quarter, compared to analysts’ expectations of $63.89 million. Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. Research analysts anticipate that Vitesse Energy, Inc. will post 1.4 EPS for the current year.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend is Monday, September 16th. Vitesse Energy’s dividend payout ratio is presently 250.00%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Vitesse Energy

A number of hedge funds have recently bought and sold shares of VTS. Cove Street Capital LLC boosted its stake in Vitesse Energy by 1,356.0% in the 4th quarter. Cove Street Capital LLC now owns 278,263 shares of the company’s stock worth $6,091,000 after purchasing an additional 259,151 shares in the last quarter. American Century Companies Inc. boosted its stake in Vitesse Energy by 267.2% in the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock worth $6,769,000 after purchasing an additional 207,831 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Vitesse Energy in the 4th quarter worth about $3,266,000. Lee Danner & Bass Inc. bought a new position in Vitesse Energy in the 2nd quarter worth about $3,430,000. Finally, Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 144,166 shares during the period. Institutional investors own 51.63% of the company’s stock.

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.