Vista Energy, S.A.B. de C.V. - Sponsored ADR $VIST Stake Cut by TT International Asset Management LTD

Key Points

• TT International Asset Management LTD significantly reduced its stake in Vista Energy by 71.3%, owning approximately $13.29 million worth of shares after selling over 691,000 shares in the second quarter.
• In contrast, several other institutional investors are increasing their positions in Vista Energy, including Deutsche Bank AG and Oppenheimer & Co., with a total institutional ownership of 63.81% in the company.
• Vista Energy's stock performance saw a quarterly earnings miss with an EPS of $0.55 against a consensus estimate of $2.15, despite exceeding revenue expectations of $610.54 million.

TT International Asset Management LTD lowered its position in shares of Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Free Report) by 71.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,876 shares of the company's stock after selling 691,645 shares during the quarter. Vista Energy accounts for approximately 2.5% of TT International Asset Management LTD's investment portfolio, making the stock its 11th largest position. TT International Asset Management LTD owned approximately 0.29% of Vista Energy worth $13,285,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Deutsche Bank AG boosted its stake in Vista Energy by 9.6% during the first quarter. Deutsche Bank AG now owns 6,716 shares of the company's stock valued at $313,000 after buying an additional 590 shares in the last quarter. Oppenheimer & Co. Inc. boosted 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 valued at $230,000 after buying an additional 632 shares in the last quarter. Money Concepts Capital Corp boosted its stake in Vista Energy by 5.1% during the first quarter. Money Concepts Capital Corp now owns 16,896 shares of the company's stock valued at $787,000 after buying an additional 813 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Vista Energy by 19.7% during the first quarter. D.A. Davidson & CO. now owns 9,599 shares of the company's stock valued at $447,000 after buying an additional 1,577 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in Vista Energy by 4.0% during the first quarter. SBI Securities Co. Ltd. now owns 42,924 shares of the company's stock valued at $1,999,000 after buying an additional 1,654 shares in the last quarter. Institutional investors own 63.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VIST. Wall Street Zen raised Vista Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Zacks Research raised Vista Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, UBS Group raised Vista Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $65.10.

Vista Energy Trading Up 8.7%

Shares of NYSE VIST traded up $2.95 during mid-day trading on Monday, hitting $36.65. 2,431,993 shares of the company traded hands, compared to its average volume of 1,387,884. Vista Energy, S.A.B. de C.V. - Sponsored ADR has a 1 year low of $31.63 and a 1 year high of $61.67. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 6.60 and a beta of 1.10. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average of $40.85 and a two-hundred day moving average of $44.91.

Vista Energy (NYSE:VIST - Get Free Report) last announced its earnings results on Thursday, July 10th. The company reported $0.55 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $572.37 million. On average, sell-side analysts anticipate that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 5.74 earnings per share for the current fiscal year.

About Vista Energy

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.