Encompass Capital Advisors LLC Buys 199,221 Shares of Vista Energy, S.A.B. de C.V. - Sponsored ADR $VIST

Key Points

• Encompass Capital Advisors LLC increased its stake in Vista Energy by 24.4%, owning 1,016,319 shares valued at approximately $47.3 million.
• Vista Energy reported Q2 earnings of $0.55 per share, missing estimates of $2.15, but achieved revenue of $610.54 million, surpassing expectations.
• Analysts have a consensus rating of "Buy" for Vista Energy, with a price target of $65.68, indicating strong potential for growth.

Encompass Capital Advisors LLC raised its position in Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Free Report) by 24.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,016,319 shares of the company's stock after buying an additional 199,221 shares during the period. Vista Energy accounts for about 1.8% of Encompass Capital Advisors LLC's investment portfolio, making the stock its 22nd biggest position. Encompass Capital Advisors LLC owned 1.07% of Vista Energy worth $47,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIST. Barclays PLC acquired a new position in Vista Energy in the fourth quarter valued at about $613,000. First Trust Advisors LP raised its stake in shares of Vista Energy by 138.4% in the fourth quarter. First Trust Advisors LP now owns 20,662 shares of the company's stock worth $1,118,000 after acquiring an additional 11,995 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Vista Energy by 795.7% in the fourth quarter. Ameriprise Financial Inc. now owns 195,454 shares of the company's stock worth $10,576,000 after acquiring an additional 173,632 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Vista Energy in the fourth quarter worth about $12,165,000. Finally, Driehaus Capital Management LLC raised its stake in shares of Vista Energy by 10.9% in the fourth quarter. Driehaus Capital Management LLC now owns 1,185,669 shares of the company's stock worth $64,157,000 after acquiring an additional 116,920 shares during the last quarter. 63.81% of the stock is currently owned by institutional investors and hedge funds.

Vista Energy Trading Down 7.9%

VIST traded down $2.99 during mid-day trading on Monday, hitting $35.09. The stock had a trading volume of 5,014,173 shares, compared to its average volume of 1,007,359. The stock's fifty day simple moving average is $43.40 and its 200-day simple moving average is $45.93. 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 capitalization of $3.34 billion, a price-to-earnings ratio of 6.32 and a beta of 1.10. 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.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group raised 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 research note on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Vista Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $65.68.

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.