
Insider Selling: Vitesse Energy (NYSE:VTS) President Sells 16,190 Shares of Stock

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Vitesse Energy President Brian Cree sold 16,190 shares at $19.82, totaling $320,885.80, reducing his stake by 3.12%. CEO Robert Gerrity also sold 90,737 shares for $1.83 million, indicating significant insider selling. The company has a high dividend yield of 11.7%, but a concerning payout ratio of 450%. Vitesse recently missed EPS estimates, raising sustainability concerns. The stock is down 2.7%, with a current price of $19.22. Institutional investors hold 51.63% of shares, and analysts have downgraded the stock's rating.
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