Geode Capital Management Increases Stake in Vista Energy

Geode Capital Management LLC has recently enhanced its investment in Vista Energy, S.A.B. de C.V. (NYSE:VIST) by 11.4% during the third quarter. Reports indicate that the firm now holds 14,003 shares after acquiring an additional 1,437 shares in this period. As per its latest filing with the SEC, the value of Geode Capital's holdings in Vista Energy amounts to $619,000.

Institutional investors and hedge funds have been actively adjusting their interests in Vista Energy as well. For example, Encompass Capital Advisors LLC increased its stake by 41.9% in the second quarter, bringing its total to 1,023,782 shares valued at $46,562,000 following an acquisition of 302,138 additional shares. Furthermore, NS Partners Ltd established a new position in Vista Energy during the third quarter, with a valuation of $26,777,000. Sei Investments Co. also raised its stake dramatically by 253.6% in the same quarter, resulting in ownership of 316,350 shares now valued at $14,388,000 after acquiring an additional 226,891 shares. American Century Companies Inc. added to its holdings by 10.1%, bringing its total to 315,438 shares worth $14,346,000 after gaining 28,815 shares in the last quarter. Lastly, Millennium Management LLC expanded its stake by 30.5%, owning 249,512 shares valued at $11,348,000 after acquiring 58,293 shares. Overall, institutional investors and hedge funds hold approximately 63.81% of Vista Energy's stock.

Analysts Provide Growth Outlook

Analyst reports on Vista Energy have shown a positive outlook. UBS Group reiterated a “neutral” rating, raising its price target for the shares from $60.00 to $64.00 in a recent research note. Meanwhile, Bank of America revised its target price downwards from $70.00 to $68.00, maintaining a “buy” rating for the company as of September 18th. Additionally, JPMorgan Chase & Co. increased its target price from $68.00 to $72.00, suggesting an “overweight” rating. According to data from MarketBeat.com, the stock has garnered an average rating of “Moderate Buy” with an average price target of $61.40, with two analysts suggesting holding the stock and three recommending buying it.

Current Trading Performance

On the trading front, shares of Vista Energy opened at $57.82. The company's stock has seen significant fluctuations over the past year, with a low of $29.07 and a high of $59.47. The current financial ratios show a current ratio of 0.59, a quick ratio of 0.59, and a debt-to-equity ratio of 0.48. Vista Energy boasts a market capitalization of roughly $5.50 billion, a PE ratio of 11.21, and a price-to-earnings-growth ratio of 0.92, with a volatility measure (beta) of 1.71. Additionally, the stock's 50-day and 200-day moving averages stand at $53.65 and $49.60, respectively.

Company Overview

Vista Energy, S.A.B. de C.V. focuses on exploring and producing oil and gas primarily in Latin America. Its main assets are located in the Neuquina Basin and Vaca Muerta in Argentina, along with operations in Mexico. The company is also involved in various drilling and workover activities mainly concentrated in Argentina.

Geode, Vista, Investment