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

Key Points

• TT International sharply increased its Vista Energy stake by 9,790.3% in the third quarter, ending with 1,087,935 shares valued at about $71.1 million. The position represents 7.9% of its portfolio.
• Institutional investors and hedge funds own 63.81% of Vista Energy; other firms, including Ninety One UK and Bank of America, also reported increasing their holdings.
• Analysts maintain a consensus Buy rating and an $82.04 price target, though Vista’s latest quarterly EPS of $2.16 fell short of the $2.79 estimate while revenue of $1.29 billion topped expectations.

TT International Asset Management LTD raised its stake in Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Free Report) by 9,790.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,087,935 shares of the company's stock after acquiring an additional 1,076,935 shares during the quarter. Vista Energy makes up approximately 7.9% of TT International Asset Management LTD's investment portfolio, making the stock its 6th largest position. TT International Asset Management LTD owned approximately 0.98% of Vista Energy worth $71,097,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ninety One UK Ltd grew its stake in shares of Vista Energy by 16.9% during the 3rd quarter. Ninety One UK Ltd now owns 2,212,079 shares of the company's stock worth $144,559,000 after purchasing an additional 320,074 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Vista Energy during the 1st quarter valued at approximately $102,610,000. Cape Ann Asset Management Ltd lifted its stake in shares of Vista Energy by 35.1% in the 1st quarter. Cape Ann Asset Management Ltd now owns 931,842 shares of the company's stock valued at $70,326,000 after purchasing an additional 241,942 shares during the period. Bank of America Corp DE lifted its stake in shares of Vista Energy by 824.7% in the 1st quarter. Bank of America Corp DE now owns 928,394 shares of the company's stock valued at $70,066,000 after purchasing an additional 827,997 shares during the period. Finally, Ninety One North America Inc. lifted its stake in shares of Vista Energy by 1.4% in the 3rd quarter. Ninety One North America Inc. now owns 661,195 shares of the company's stock valued at $43,209,000 after purchasing an additional 9,167 shares during the period. 63.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on VIST. JPMorgan Chase & Co. dropped their price target on shares of Vista Energy from $94.00 to $87.00 and set an "overweight" rating on the stock in a research report on Thursday, October 29th. Weiss Ratings upgraded shares of Vista Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. Finally, Zacks Research upgraded shares of Vista Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $82.04.

Vista Energy Stock Performance

Shares of VIST stock opened at $67.93 on Wednesday. The company has a market capitalization of $7.51 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.70 and a beta of 0.58. The business's 50 day moving average is $70.76 and its two-hundred day moving average is $67.05. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 0.82. Vista Energy, S.A.B. de C.V. - Sponsored ADR has a 12-month low of $43.71 and a 12-month high of $81.44.

Vista Energy (NYSE:VIST - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.79 by ($0.63). The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.14 billion. Vista Energy had a net margin of 19.66% and a return on equity of 20.79%. Analysts expect that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 10.05 EPS for the current fiscal year.

Vista Energy Company Profile

Vista Energy, SAB. de C.V. is an independent oil and gas company focused on the exploration, development and production of hydrocarbons. The company's operations are centered on Argentina's Vaca Muerta shale formation, where it develops unconventional oil and natural gas resources. Its products include crude oil, natural gas and natural gas liquids.

Vista was established in 2017 by Miguel Galuccio, who previously served as chief executive officer of YPF. The company was created to pursue upstream oil and gas opportunities in Latin America and subsequently built its principal operating position in Argentina.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.