Wellington Management Group LLP Reduces Position in Vista Energy, S.A.B. de C.V. - Sponsored ADR $VIST

Key Points

• Wellington Management cut its Vista Energy position by 51.8% in the second quarter, selling 45,270 shares and retaining 42,126 shares valued at approximately $2.69 million. Institutional investors collectively own 63.81% of the company.
• Vista Energy reported quarterly revenue of $1.23 billion, exceeding expectations, but earnings per share of $2.38 fell short of the $3.15 consensus estimate. Analysts forecast full-year EPS of $8.88.
• Shares opened at $78.82, near their 52-week high of $81.44. Analysts maintain a “Moderate Buy” consensus with an average price target of $83.44, although ratings range from “Strong Sell” to “Buy.”

Wellington Management Group LLP trimmed its position in shares of Vista Energy, S.A.B. de C.V. - Sponsored ADR (NYSE:VIST - Free Report) by 51.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,126 shares of the company's stock after selling 45,270 shares during the period. Wellington Management Group LLP's holdings in Vista Energy were worth $2,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Vista Energy by 1,009.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 721 shares of the company's stock valued at $25,000 after buying an additional 656 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Vista Energy by 46.7% in the first quarter. EverSource Wealth Advisors LLC now owns 512 shares of the company's stock worth $39,000 after buying an additional 163 shares during the period. Platinum Investment Management Ltd. purchased a new stake in shares of Vista Energy in the fourth quarter worth approximately $67,000. Raymond James Financial Inc. bought a new stake in shares of Vista Energy during the 2nd quarter worth approximately $163,000. Finally, Federated Hermes Inc. bought a new stake in shares of Vista Energy during the 4th quarter worth approximately $221,000. 63.81% of the stock is owned by hedge funds and other institutional investors.

Vista Energy Price Performance

NYSE VIST opened at $78.82 on Friday. The company has a market cap of $8.22 billion, a PE ratio of 10.39, a P/E/G ratio of 0.66 and a beta of 0.63. Vista Energy, S.A.B. de C.V. - Sponsored ADR has a 52-week low of $33.37 and a 52-week high of $81.44. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.68 and a current ratio of 0.69. The firm's 50 day moving average price is $68.22 and its 200-day moving average price is $68.45.

Vista Energy (NYSE:VIST - Get Free Report) last posted its earnings results on Friday, July 17th. The company reported $2.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.15 by ($0.77). The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. Vista Energy had a return on equity of 20.26% and a net margin of 23.56%. Sell-side analysts forecast that Vista Energy, S.A.B. de C.V. - Sponsored ADR will post 8.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Vista Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Tuesday, September 1st. Weiss Ratings downgraded Vista Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, September 1st. Zacks Research cut shares of Vista Energy from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Finally, HSBC initiated coverage on shares of Vista Energy in a research note on Sunday, June 14th. They issued a "buy" rating and a $95.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $83.44.

About Vista Energy

Vista Energy is an independent energy company engaged in the exploration, development and production of oil and natural gas. The company's portfolio is focused primarily on unconventional resources in Argentina's Vaca Muerta shale formation, where it develops oil and gas wells and related production infrastructure.

Vista's operations include drilling, completion, processing and transportation activities, as well as the marketing of crude oil, natural gas and associated hydrocarbons. Its assets are concentrated in the Neuquén Basin, including the Bajada del Palo development, one of the company's principal operating areas.

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