SG Americas Securities LLC Sells 20,398 Shares of Vitesse Energy, Inc. (NYSE:VTS)

SG Americas Securities LLC lowered its stake in Vitesse Energy, Inc. (NYSE:VTS - Free Report) by 37.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,915 shares of the company's stock after selling 20,398 shares during the quarter. SG Americas Securities LLC owned about 0.12% of Vitesse Energy worth $815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Heritage Wealth Management Inc. acquired a new stake in Vitesse Energy during the second quarter valued at approximately $503,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Vitesse Energy in the first quarter worth $736,000. Dimensional Fund Advisors LP raised its position 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 buying an additional 144,166 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Vitesse Energy in the 2nd quarter worth about $281,000. Finally, WINTON GROUP Ltd boosted its position in Vitesse Energy by 57.5% during the 2nd quarter. WINTON GROUP Ltd now owns 59,580 shares of the company's stock worth $1,412,000 after acquiring an additional 21,754 shares during the period. Institutional investors own 51.63% of the company's stock.

Wall Street Analyst Weigh In

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

Vitesse Energy Stock Performance

Shares of Vitesse Energy stock remained flat at $25.69 during trading hours on Friday. 178,982 shares of the stock were exchanged, compared to its average volume of 211,759. The firm has a market cap of $756.57 million, a PE ratio of 29.19 and a beta of 0.23. Vitesse Energy, Inc. has a one year low of $19.63 and a one year high of $26.68. The business's fifty day moving average is $24.64 and its 200 day moving average is $24.30. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.

Vitesse Energy (NYSE:VTS - Get Free Report) 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). The business 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%. As a group, analysts expect that Vitesse Energy, Inc. will post 1.4 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.17%. Vitesse Energy's payout ratio is presently 238.64%.

Insider Activity

In related news, CEO Robert W. Gerrity purchased 10,000 shares of Vitesse Energy stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the transaction, the chief executive officer now owns 495,311 shares of the company's stock, valued at approximately $12,249,041.03. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 15.80% of the stock is owned by corporate insiders.

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.