Insider Buying: Vitesse Energy, Inc. (NYSE:VTS) CEO Buys $247,300.00 in Stock

Vitesse Energy, Inc. (NYSE:VTS) CEO Robert W. Gerrity acquired 10,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the purchase, the chief executive officer now directly owns 495,311 shares of the company’s stock, valued at approximately $12,249,041.03. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vitesse Energy Stock Up 0.2 %

VTS opened at $24.51 on Thursday. 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 company’s 50-day moving average is $24.83 and its 200 day moving average is $24.13. Vitesse Energy, Inc. has a fifty-two week low of $19.63 and a fifty-two week high of $26.68. The firm has a market capitalization of $721.82 million, a P/E ratio of 29.18 and a beta of 0.24.

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

Vitesse Energy Dividend Announcement

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 paid a $0.525 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.10 annualized dividend and a dividend yield of 8.57%. Vitesse Energy’s payout ratio is 250.00%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Vitesse Energy

Several large investors have recently modified their holdings of VTS. Heritage Wealth Management Inc. purchased a new position in Vitesse Energy during the second quarter valued at approximately $503,000. The Manufacturers Life Insurance Company grew its stake in Vitesse Energy by 5.3% during the second quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company’s stock valued at $230,000 after acquiring an additional 492 shares in the last quarter. Squarepoint Ops LLC grew its stake in Vitesse Energy by 38.3% during the second quarter. Squarepoint Ops LLC now owns 68,307 shares of the company’s stock valued at $1,619,000 after acquiring an additional 18,904 shares in the last quarter. Pekin Hardy Strauss Inc. grew its stake in Vitesse Energy by 10.5% during the second quarter. Pekin Hardy Strauss Inc. now owns 20,970 shares of the company’s stock valued at $497,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Vitesse Energy by 18.8% during the second 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 in the last quarter. Hedge funds and other 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.