Fred Alger Management LLC Increases Stake in Vista Energy, S.A.B. de C.V. (NYSE:VIST)

Fred Alger Management LLC raised its position in shares of Vista Energy, S.A.B. de C.V. (NYSE:VIST - Free Report) by 9,914.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,212 shares of the company's stock after purchasing an additional 8,130 shares during the quarter. Fred Alger Management LLC's holdings in Vista Energy were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Vista Energy by 795.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,284,311 shares of the company's stock worth $123,604,000 after buying an additional 2,029,081 shares in the last quarter. Discovery Capital Management LLC CT lifted its stake in Vista Energy by 4.9% during the 4th quarter. Discovery Capital Management LLC CT now owns 1,320,566 shares of the company's stock valued at $71,456,000 after acquiring an additional 61,800 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Vista Energy by 6.2% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,234,108 shares of the company's stock valued at $66,778,000 after purchasing an additional 72,500 shares during the last quarter. Driehaus Capital Management LLC increased its position in shares of Vista Energy by 10.9% during the 4th quarter. Driehaus Capital Management LLC now owns 1,185,669 shares of the company's stock valued at $64,157,000 after purchasing an additional 116,920 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in shares of Vista Energy by 27.8% during the 4th quarter. William Blair Investment Management LLC now owns 1,022,172 shares of the company's stock valued at $55,307,000 after purchasing an additional 222,165 shares during the last quarter. 63.81% of the stock is currently owned by institutional investors.

Vista Energy Price Performance

NYSE:VIST traded down $0.33 during mid-day trading on Friday, reaching $50.23. The stock had a trading volume of 462,637 shares, compared to its average volume of 1,037,994. The firm has a 50 day moving average price of $45.11 and a two-hundred day moving average price of $50.38. The stock has a market capitalization of $4.78 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.83 and a beta of 1.02. Vista Energy, S.A.B. de C.V. has a one year low of $32.11 and a one year high of $61.67. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.59 and a current ratio of 0.59.

Vista Energy (NYSE:VIST - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.03). The firm had revenue of $420.80 million during the quarter, compared to the consensus estimate of $472.61 million. Vista Energy had a return on equity of 30.06% and a net margin of 34.78%. As a group, analysts expect that Vista Energy, S.A.B. de C.V. will post 5.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VIST. Pickering Energy Partners began coverage on Vista Energy in a research note on Monday, April 7th. They issued an "outperform" rating for the company. Citigroup upgraded Vista Energy from a "neutral" rating to a "buy" rating and set a $66.00 target price for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group began coverage on Vista Energy in a research note on Friday, February 21st. They issued a "buy" rating and a $65.40 target price for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $67.08.

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.