Vista Energy, S.A.B. de C.V. - Sponsored ADR $VIST Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Vista Energy stake by 824.7% in the first quarter, adding 827,997 shares to own 928,394 shares valued at approximately $70.1 million. Institutional investors and hedge funds collectively own 63.81% of the company.
• Analyst sentiment remains broadly positive: five analysts rate Vista Energy a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $83.24.
• Vista Energy reported quarterly revenue of $1.23 billion, exceeding estimates, but earnings of $2.38 per share fell short of the $3.15 consensus forecast. Shares opened at $68.33, compared with a 52-week range of $31.63 to $81.44.

Bank of America Corp DE increased its stake in shares of Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Free Report) by 824.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 928,394 shares of the company's stock after buying an additional 827,997 shares during the quarter. Bank of America Corp DE owned about 0.89% of Vista Energy worth $70,066,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VIST. Janus Henderson Group PLC purchased a new position in Vista Energy in the 1st quarter worth $5,136,000. Amundi purchased a new position in Vista Energy during the 1st quarter worth approximately $889,000. EverSource Wealth Advisors LLC lifted its stake in Vista Energy by 46.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company's stock valued at $39,000 after acquiring an additional 163 shares during the period. Royal Bank of Canada boosted its holdings in shares of Vista Energy by 29.2% in the 1st quarter. Royal Bank of Canada now owns 29,301 shares of the company's stock valued at $2,211,000 after acquiring an additional 6,628 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Vista Energy in the first quarter worth $102,610,000. 63.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VIST shares. UBS Group boosted their target price on shares of Vista Energy from $86.00 to $87.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised their target price on Vista Energy from $89.00 to $93.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Zacks Research cut Vista Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. HSBC began coverage on shares of Vista Energy in a research note on Sunday, June 14th. They set a "buy" rating and a $95.00 price objective on the stock. Finally, Weiss Ratings cut shares of Vista Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $83.24.

Vista Energy Stock Performance

NYSE VIST opened at $68.33 on Tuesday. The company has a market cap of $7.12 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.55 and a beta of 0.62. The stock's 50 day simple moving average is $67.22 and its 200-day simple moving average is $65.97. Vista Energy, S.A.B. de C.V. - Sponsored ADR has a 1-year low of $31.63 and a 1-year high of $81.44. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.69 and a quick ratio of 0.68.

Vista Energy (NYSE:VIST - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The company reported $2.38 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.77). Vista Energy had a return on equity of 20.26% and a net margin of 23.56%.The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. As a group, equities research analysts anticipate that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 9.54 EPS for the current fiscal year.

About Vista Energy

Vista Energy NYSE: VIST is an independent energy company focused on the exploration, development and production of oil and natural gas resources in Mexico. The company operates through two primary segments: upstream exploration and production, and midstream and specialist services. By integrating both segments, Vista Energy seeks to capture value across the energy value chain, from field operations to the delivery of processed gas to industrial and power-generation customers.

In its upstream segment, Vista Energy holds interests in onshore gas fields in northeastern Mexico and shallow-water properties in the Bay of Campeche.

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