Who Owns Vitesse Energy Company?

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Who owns Vitesse Energy?

Understanding Vitesse Energy's ownership is key to grasping its strategy and influence in the energy sector. The company became an independent, publicly traded entity after spinning off from Jefferies Financial Group Inc. Vitesse Energy, Inc. officially went public on August 5, 2022, and started trading on the NYSE in January 2023 under the ticker VTS.

Vitesse Energy's operations, though, began in 2013. The company focuses on acquiring and developing oil and gas assets, primarily in the Bakken and Three Forks formations of the Williston Basin.

As of early 2025, Vitesse Energy has 33 employees and reported total revenue of $242.0 million for the fiscal year ending December 31, 2024. The company works with experienced operators to develop oil and gas resources, aiming for sustainable free cash flow and investor returns. This includes a Vitesse Energy PESTEL Analysis, which can offer insights into its market environment.

Vitesse Energy's journey began in 2013, with the public entity, Vitesse Energy, Inc., formally established on August 5, 2022. The company's vision was significantly shaped by Robert W. Gerrity, its Chairman and Chief Executive Officer, and Brian J. Cree, the President. Gerrity's initial investment in non-operated working interest acreage in the Bakken in 2010 laid the groundwork for the company's future focus.

Foundational Vision

The company's strategic direction was heavily influenced by its founders. Their early focus was on the prolific Bakken shale play.

Predecessor Entities

Before its public incorporation, Vitesse operated through Vitesse Oil LLC and Vitesse Energy LLC. These entities were instrumental in building the company's asset base.

Early Backing

Vitesse Oil LLC received backing from Jefferies Capital. Vitesse Energy LLC was a subsidiary of Leucadia National Corp.

Operational Strategy

These early entities functioned as non-operating owners. They partnered with leading operators in the Bakken field.

Ownership Transition

Jefferies Financial Group Inc. was the primary owner before the spin-off. The company's assets were consolidated under the public entity.

Consolidation

Vitesse Energy, Inc. acquired all equity interests of the LLCs. This move unified the company's structure prior to its public debut.

The specific equity distribution among founders and early investors during the private phases of Vitesse Energy is not publicly disclosed in precise percentages or share counts. However, it is known that Jefferies Financial Group Inc. held the primary ownership stake before the company's spin-off. This period saw the establishment of Vitesse Oil LLC in August 2013 and Vitesse Energy LLC in April 2014, both focusing on acquiring non-operated working interests in the Bakken shale, a strategy that has defined much of the company's early growth and Competitors Landscape of Vitesse Energy.

Key Ownership Details

The ownership history of Vitesse Energy reveals a transition from private entities backed by financial institutions to a publicly traded company. The foundational leadership team has remained consistent, guiding the company's strategic direction.

• Robert W. Gerrity and Brian J. Cree are key figures in the company's founding and leadership.
• Vitesse Energy, Inc. was formally established as a public entity in August 2022.
• Prior to public listing, Vitesse operated through Vitesse Oil LLC and Vitesse Energy LLC.
• Jefferies Financial Group Inc. was the principal owner before the spin-off.
• The company's early strategy centered on non-operated working interests in the Bakken shale.

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Vitesse Energy, Inc. transitioned to a publicly traded entity on the NYSE under the ticker VTS in January 2023, following its spin-off from Jefferies Financial Group Inc. This distribution saw Jefferies shareholders receive one share of Vitesse common stock for every 8.49668 Jefferies Common Shares held as of December 27, 2022, with approximately 26.6 million shares distributed, representing about 94.37% of the total issued and outstanding shares at that time. A significant development impacting the ownership structure was the March 7, 2025, all-stock acquisition of Lucero Energy Corp., which is expected to result in former Vitesse stockholders owning approximately 80.0% of the combined entity.

As of August 2025, institutional investors are the dominant Vitesse Energy ownership segment, holding a substantial portion of the company's shares. This broad institutional backing is a key indicator of the company's market perception and stability, influencing its overall corporate governance and strategic direction. Understanding these major shareholders is crucial for grasping the Vitesse Energy ownership structure and who owns Vitesse Energy.

Key Stakeholders in Vitesse Energy

Institutional investors collectively hold the largest stake in Vitesse Energy, reflecting significant confidence from major financial entities. Individual insiders also maintain a considerable ownership percentage, indicating alignment between management and shareholder interests.

• Vanguard Group Inc. holds 7.87% of Vitesse Energy shares.
• First Reserve GP XIII Ltd. owns 7.54% of the company's stock.
• BlackRock, Inc. possesses 5.67% of Vitesse Energy.
• Joseph S. Steinberg is a significant individual insider with 6.94% ownership.
• The acquisition of Lucero Energy Corp. in March 2025 is a pivotal event in the Vitesse Energy ownership history.

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The Board of Directors for Vitesse Energy, Inc. as of early 2025 comprises key executive leadership, shareholder representatives, and independent directors. This structure is designed to guide the company’s strategic direction and governance. The board composition saw an expansion following a significant acquisition.

The integration of Lucero Energy Corp. on March 7, 2025, led to an increase in the board's size to nine members. This expansion included the addition of two former directors from Lucero, Messrs. Reaves and Chernoff, who bring valuable experience to the combined entity. This strategic move aims to harness the collective expertise of both organizations to foster the growth strategy of Vitesse Energy.

Vitesse Energy Voting Power and Governance

Vitesse Energy operates with a standard one-share-one-vote system for its common stock. Key individuals and entities hold significant voting influence due to substantial shareholdings.

• Voting power is primarily based on common stock ownership.
• Major shareholders like Joseph S. Steinberg, Brian P. Friedman, Michael Bruce Chernoff, and Robert W. Gerrity are considered substantial insiders.
• Governance includes provisions to maintain board stability, such as restrictions on shareholder-initiated special meetings or written consents without board approval.
• Advance notice is required for director nominations and shareholder proposals.
• No recent proxy battles or activist investor campaigns have been publicly disclosed.

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Vitesse Energy's ownership landscape has undergone significant transformation in recent years, notably with its public listing and a major acquisition. These events have shifted its shareholder base and introduced new dynamics to its corporate structure.

Institutional investors have become a more dominant force in Vitesse Energy's ownership. Their holdings increased from 43.6% to 52.32% by March 2025, and as of August 2025, this figure stands at approximately 51.63%. Insider trading activity presents a mixed picture, with a net buying trend observed in the last three months, contrasting with a net selling trend over the past 12 months. Specific insider transactions in May 2025 reflected varied actions among key executives and directors.

Institutional Ownership Growth

Institutional investors' stake grew to over 51% by August 2025. This indicates increased confidence from larger investment entities.

Insider Trading Trends

Insider activity shows recent buying, though the 12-month trend has been net selling. This suggests varied perspectives among company leadership.

Capital Return Initiatives

The company declared a quarterly cash dividend of $0.5625 per share for Q1 and Q3 2025. A stock repurchase program is also in place, authorizing up to $60 million in buybacks.

Strategic Growth Focus

Management emphasizes organic growth and strategic acquisitions, leveraging its proprietary database, Luminis. This approach aims to enhance evaluation processes and maximize investor returns.

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