Driehaus Capital Management LLC Sells 1,127,491 Shares of Vista Energy, S.A.B. de C.V. - Sponsored ADR $VIST

Key Points

• Driehaus Capital Management LLC decreased its holdings in Vista Energy by 95.1%, owning approximately $2.71 million worth of the company after selling over 1 million shares.
• Despite the significant reduction in holdings by some institutional investors, the average analyst rating for Vista Energy is currently a Buy, with a consensus target price of $65.68.
• Vista Energy reported earnings of $0.55 per share in its latest quarterly results, missing consensus estimates, but its revenue surpassed expectations at $610.54 million.

Driehaus Capital Management LLC decreased its position in Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Free Report) by 95.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,178 shares of the company's stock after selling 1,127,491 shares during the quarter. Driehaus Capital Management LLC owned 0.06% of Vista Energy worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in shares of Vista Energy by 14.6% during the first quarter. Oppenheimer & Co. Inc. now owns 4,950 shares of the company's stock valued at $230,000 after acquiring an additional 632 shares during the last quarter. Ninety One UK Ltd increased its holdings in Vista Energy by 9.1% during the 1st quarter. Ninety One UK Ltd now owns 768,862 shares of the company's stock valued at $35,798,000 after purchasing an additional 63,834 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Vista Energy during the fourth quarter valued at approximately $907,000. Ameriprise Financial Inc. increased its stake in shares of Vista Energy by 795.7% during the fourth quarter. Ameriprise Financial Inc. now owns 195,454 shares of the company's stock valued at $10,576,000 after buying an additional 173,632 shares during the period. Finally, TT International Asset Management LTD increased its stake in shares of Vista Energy by 19.7% during the first quarter. TT International Asset Management LTD now owns 969,521 shares of the company's stock valued at $45,141,000 after buying an additional 159,344 shares during the period. Institutional investors own 63.81% of the company's stock.

Wall Street Analyst Weigh In

VIST has been the topic of several research analyst reports. UBS Group raised Vista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 17th. Wall Street Zen raised Vista Energy from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Zacks Research raised Vista Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $65.68.

Vista Energy Stock Performance

Shares of NYSE:VIST traded down $1.03 during midday trading on Wednesday, reaching $38.19. 1,249,187 shares of the company's stock traded hands, compared to its average volume of 977,560. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 6.88 and a beta of 1.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.41 and a current ratio of 0.41. Vista Energy, S.A.B. de C.V. - Sponsored ADR has a one year low of $32.11 and a one year high of $61.67. The stock has a 50 day moving average of $44.01 and a 200 day moving average of $46.27.

Vista Energy (NYSE:VIST - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($1.60). The business had revenue of $610.54 million for the quarter, compared to the consensus estimate of $572.37 million. Vista Energy had a net margin of 29.12% and a return on equity of 12.02%. As a group, equities research analysts anticipate that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 5.74 EPS for the current fiscal year.

Vista Energy Company Profile

Vista Energy, SAB. de C.V., through its subsidiaries, engages in the exploration and production of oil and gas in Latin America. The company's principal assets located in Neuquina basin, Argentina and Vaca Muerta. It owns producing assets in Argentina and Mexico. In addition, the company involved in drilling and workover activities located in Argentina.