Vista Energy, S.A.B. de C.V. - Sponsored ADR $VIST Stock Sold by RWC Asset Management LLP

Key Points

• RWC Asset Management reduced its Vista Energy stake by 2.3% in the third quarter, selling 18,351 shares and retaining 787,197 shares valued at approximately $51.4 million. Institutional investors collectively own 63.81% of the company.
• Vista Energy shares rose 6.1% to $74.88, near the stock’s 12-month high of $81.44, giving the company a market capitalization of about $8.28 billion.
• Analyst sentiment remains favorable, with five Buy ratings and one Hold rating producing a consensus “Moderate Buy” recommendation and an average price target of $83.44.

RWC Asset Management LLP reduced its stake in Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 787,197 shares of the company's stock after selling 18,351 shares during the period. Vista Energy makes up about 1.9% of RWC Asset Management LLP's investment portfolio, making the stock its 13th biggest holding. RWC Asset Management LLP owned approximately 0.71% of Vista Energy worth $51,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Operose Advisors LLC purchased a new stake in shares of Vista Energy in the second quarter worth about $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 163 shares during the period. DV Trading LLC acquired a new position in Vista Energy during the 1st quarter worth approximately $226,000. Janney Montgomery Scott LLC acquired a new position in Vista Energy during the 1st quarter worth approximately $253,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Vista Energy during the 2nd quarter worth approximately $267,000. 63.81% of the stock is owned by hedge funds and other institutional investors.

Vista Energy Stock Up 6.1%

Shares of Vista Energy stock traded up $4.27 during trading hours on Friday, hitting $74.88. 1,263,416 shares of the company's stock traded hands, compared to its average volume of 857,852. The stock has a 50 day simple moving average of $70.78 and a 200-day simple moving average of $69.38. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 0.84. The company has a market cap of $8.28 billion, a PE ratio of 9.87, a PEG ratio of 0.61 and a beta of 0.68. Vista Energy, S.A.B. de C.V. - Sponsored ADR has a twelve month low of $39.28 and a twelve month high of $81.44.

Analyst Upgrades and Downgrades

VIST has been the subject of several recent research reports. Zacks Research raised shares of Vista Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 29th. JPMorgan Chase & Co. boosted their target price on shares of Vista Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 1st. Finally, Weiss Ratings raised shares of Vista Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Vista Energy has an average rating of "Moderate Buy" and a consensus target price of $83.44.

About Vista Energy

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.

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