Vista Energy (NYSE:VIST) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Vista Energy (NYSE:VIST) in a research note released on Tuesday, Marketbeat reports. The brokerage issued an overweight rating and a $68.00 price target on the stock.

Separately, UBS Group lifted their price objective on shares of Vista Energy from $47.00 to $50.00 and gave the company a neutral rating in a research note on Wednesday, May 1st.

Vista Energy Trading Up 2.8 %

Shares of NYSE:VIST opened at $49.58 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.50. Vista Energy has a 52-week low of $24.38 and a 52-week high of $51.48. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 11.48 and a beta of 1.91. The business has a 50-day moving average price of $45.61 and a 200-day moving average price of $42.69.

Institutional Trading of Vista Energy

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its holdings in Vista Energy by 30.5% in the second quarter. Millennium Management LLC now owns 249,512 shares of the company’s stock valued at $11,348,000 after acquiring an additional 58,293 shares during the period. Encompass Capital Advisors LLC increased its holdings in shares of Vista Energy by 41.9% during the 2nd quarter. Encompass Capital Advisors LLC now owns 1,023,782 shares of the company’s stock valued at $46,562,000 after purchasing an additional 302,138 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Vista Energy in the 2nd quarter valued at $987,000. Sei Investments Co. boosted its holdings in Vista Energy by 253.6% during the second quarter. Sei Investments Co. now owns 316,350 shares of the company’s stock worth $14,388,000 after buying an additional 226,891 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in Vista Energy during the second quarter valued at $1,085,000. Hedge funds and other institutional investors own 63.81% of the company’s stock.

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.