Pictet Asset Management Holding SA Boosts Stock Position in Vista Energy, S.A.B. de C.V. – Sponsored ADR $VIST

Pictet Asset Management Holding SA lifted its holdings in shares of Vista Energy, S.A.B. de C.V. – Sponsored ADR (NYSE:VIST) by 50.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 225,345 shares of the company’s stock after buying an additional 76,035 shares during the period. Pictet Asset Management Holding SA’s holdings in Vista Energy were worth $17,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Vista Energy by 82.0% in the 1st quarter. Royal Bank of Canada now owns 9,424 shares of the company’s stock worth $439,000 after acquiring an additional 4,246 shares in the last quarter. Amundi purchased a new position in Vista Energy during the first quarter valued at $229,000. Goldman Sachs Group Inc. lifted its holdings in Vista Energy by 57.7% during the first quarter. Goldman Sachs Group Inc. now owns 183,717 shares of the company’s stock valued at $8,554,000 after purchasing an additional 67,189 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Vista Energy by 11.6% in the second quarter. Geode Capital Management LLC now owns 16,665 shares of the company’s stock valued at $797,000 after purchasing an additional 1,731 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Vista Energy in the second quarter valued at about $506,000. Hedge funds and other institutional investors own 63.81% of the company’s stock.

Wall Street Analyst Weigh In

VIST has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Vista Energy in a research report on Tuesday, June 9th. Zacks Research upgraded Vista Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. UBS Group boosted their price objective on Vista Energy from $86.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. HSBC initiated coverage on Vista Energy in a report on Sunday, June 14th. They set a “buy” rating and a $95.00 target price for the company. Finally, JPMorgan Chase & Co. raised their target price on Vista Energy from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $83.24.

Vista Energy Stock Performance

NYSE VIST opened at $60.25 on Friday. The stock’s fifty day moving average is $70.90 and its two-hundred day moving average is $62.55. The firm has a market capitalization of $6.28 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 0.27 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.77. Vista Energy, S.A.B. de C.V. – Sponsored ADR has a fifty-two week low of $31.63 and a fifty-two week high of $81.44.

Vista Energy (NYSE:VIST) last issued its earnings results on Wednesday, April 29th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.53). Vista Energy had a return on equity of 14.80% and a net margin of 25.65%.The company had revenue of $865.01 million during the quarter, compared to analyst estimates of $708.61 million. On average, research analysts anticipate that Vista Energy, S.A.B. de C.V. – Sponsored ADR will post 12.91 earnings per share for the current year.

Vista Energy Profile

Vista Energy (NYSE: VIST) is an independent energy company focused on the exploration, development and production of oil and natural gas resources in Mexico. The company operates through two primary segments: upstream exploration and production, and midstream and specialist services. By integrating both segments, Vista Energy seeks to capture value across the energy value chain, from field operations to the delivery of processed gas to industrial and power-generation customers.

In its upstream segment, Vista Energy holds interests in onshore gas fields in northeastern Mexico and shallow-water properties in the Bay of Campeche.