Ramirez Asset Management Inc. Sells 76,812 Shares of Vista Energy, S.A.B. de C.V. - Sponsored ADR $VIST

Key Points

• Ramirez Asset Management Inc. has significantly reduced its holdings in Vista Energy, selling 76,812 shares and holding only 1,328 shares, a decrease of 98.3%.
• Analysts have mixed opinions on Vista Energy, with UBS Group upgrading it to a "strong-buy" rating while other firms have issued varying recommendations, resulting in a consensus rating of "Buy" and a target price of $65.10.
• Vista Energy reported earnings of $0.55 per share for its latest quarter, which missed analysts' expectations by $1.60, despite having a revenue of $610.54 million.

Ramirez Asset Management Inc. decreased its holdings in shares of Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Free Report) by 98.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,328 shares of the company's stock after selling 76,812 shares during the period. Ramirez Asset Management Inc.'s holdings in Vista Energy were worth $64,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its stake in Vista Energy by 14.6% during the first quarter. Oppenheimer & Co. Inc. now owns 4,950 shares of the company's stock worth $230,000 after purchasing an additional 632 shares during the period. Ninety One UK Ltd lifted its stake in Vista Energy by 9.1% during the first quarter. Ninety One UK Ltd now owns 768,862 shares of the company's stock worth $35,798,000 after purchasing an additional 63,834 shares during the period. Belpointe Asset Management LLC bought a new position in Vista Energy during the first quarter worth about $445,000. TT International Asset Management LTD lifted its stake in Vista Energy by 19.7% during the first quarter. TT International Asset Management LTD now owns 969,521 shares of the company's stock worth $45,141,000 after purchasing an additional 159,344 shares during the period. Finally, Ping Capital Management Inc. bought a new position in Vista Energy during the first quarter worth about $1,401,000. Institutional investors own 63.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on VIST shares. UBS Group upgraded shares of Vista Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 17th. Zacks Research raised shares of Vista Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Vista Energy in a report on Saturday, September 27th. Finally, Wall Street Zen lowered shares of Vista Energy from a "hold" rating to a "sell" rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $65.10.

Vista Energy Stock Performance

Shares of Vista Energy stock opened at $37.29 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market cap of $3.55 billion, a P/E ratio of 6.72 and a beta of 0.97. The firm has a 50 day simple moving average of $38.43 and a 200 day simple moving average of $43.89. Vista Energy, S.A.B. de C.V. - Sponsored ADR has a fifty-two week low of $31.63 and a fifty-two week high of $61.67.

Vista Energy (NYSE:VIST - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($1.60). Vista Energy had a net margin of 29.12% and a return on equity of 12.02%. The company had revenue of $610.54 million during the quarter, compared to analyst estimates of $572.37 million. Sell-side analysts predict that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 5.74 earnings per share 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.

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