Confluence Investment Management LLC Sells 297 Shares of Vista Energy, S.A.B. de C.V. (NYSE:VIST)

Confluence Investment Management LLC decreased its stake in Vista Energy, S.A.B. de C.V. (NYSE:VIST) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 10,042 shares of the company’s stock after selling 297 shares during the quarter. Confluence Investment Management LLC’s holdings in Vista Energy were worth $457,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Activest Wealth Management acquired a new stake in Vista Energy during the first quarter worth approximately $35,000. Blue Trust Inc. increased its holdings in shares of Vista Energy by 4,205.7% during the fourth quarter. Blue Trust Inc. now owns 1,507 shares of the company’s stock worth $46,000 after buying an additional 1,472 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Vista Energy during the fourth quarter worth $303,000. Raymond James & Associates increased its holdings in Vista Energy by 5.2% in the fourth quarter. Raymond James & Associates now owns 12,125 shares of the company’s stock valued at $358,000 after purchasing an additional 601 shares during the period. Finally, Sigma Planning Corp increased its holdings in Vista Energy by 18.6% in the fourth quarter. Sigma Planning Corp now owns 12,675 shares of the company’s stock valued at $374,000 after purchasing an additional 1,990 shares during the period. Institutional investors own 63.81% of the company’s stock.

Vista Energy Price Performance

NYSE:VIST traded down $1.31 during trading hours on Monday, hitting $38.83. The stock had a trading volume of 524,307 shares, compared to its average volume of 549,152. The company has a 50 day simple moving average of $44.97 and a two-hundred day simple moving average of $41.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.76. Vista Energy, S.A.B. de C.V. has a one year low of $24.04 and a one year high of $50.01. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 9.29 and a beta of 1.91.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VIST. Jefferies Financial Group increased their price target on Vista Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Citigroup cut shares of Vista Energy from a “buy” rating to a “neutral” rating and raised their price target for the company from $40.00 to $50.00 in a research report on Wednesday, April 17th. Finally, UBS Group raised their price target on shares of Vista Energy from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st.

Vista Energy Company Profile

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.