Vista Energy announces share repurchase on NYSE and BMV

Vista Energy, S.A.B. de C.V., a Mexico City-based oil and gas company, has announced the repurchase of 60,000 Series A shares at a price of 933.80 Mexican Pesos each. The transaction, which took place on Thursday, was part of a buyback program approved by shareholders on August 6, 2024, and involved an outlay of approximately 56.028 million Mexican Pesos, excluding fees and taxes.

Following this buyback, Vista Energy reported 95,725,885 Series A shares remaining outstanding, with an additional 3,055,141 Series A shares held in Treasury as a result of the company's repurchase activities. The buyback was executed by Citibanamex Casa de Bolsa, S.A. de C.V., a member of the Citibanamex financial group.

The repurchase reflects Vista Energy's use of its capital to buy back shares from the market, a move that can often indicate the company's belief that its stock is undervalued or to return value to shareholders. The transaction was carried out on two stock exchanges where Vista's shares are listed: the New York Stock Exchange (NYSE: VIST) and the Mexican Stock Exchange (BMV: VISTA).

The company's recent activity is filed in accordance with SEC regulations and is part of its ongoing financial strategy as reported in its filings. Vista Energy has not disclosed any further intentions regarding its repurchase program or its impact on the company’s financials.

The company, known formally as Vista Oil & Gas, S.A.B. de C.V. until a name change in 2018, is incorporated in Mexico under the industrial classification of Crude Petroleum & Natural Gas.

This news is based on a press release statement filed with the Securities and Exchange Commission.

In other recent news, Vista Energy has made significant moves in its financial strategy, with a series of share repurchases. The company has bought back hundreds of thousands of its Series A shares in several transactions, executed by Citibanamex Casa de Bolsa, reducing the total number of outstanding shares.

Vista Energy has also reported a substantial growth in its Q2 2024 results. The company's total production surged by 40% year-over-year to 65,300 barrels of oil equivalent per day. The increase in production led to a 66% rise in total revenues for the quarter, reaching $397 million. Furthermore, the company's adjusted EBITDA saw a significant rise of 90% year-over-year to $288 million.

CEO Miguel Galuccio has provided updates on operational progress and plans, including the expected arrival of a second frac crew from Schlumberger (NYSE:SLB) in Q4 and active participation in M&A opportunities, including Exxon (NYSE:XOM)'s asset divestment.

InvestingPro Insights

As Vista Energy continues to execute its share repurchase strategy, real-time data from InvestingPro provides additional context for investors evaluating the company's financial health and market position. Vista Energy's market capitalization stands at approximately $4.78 billion USD, with a P/E ratio of 11.22, reflecting a valuation that is potentially attractive when considering the company's near-term earnings growth. The company's gross profit margins are impressive at 76.14%, indicating strong operational efficiency.

InvestingPro Tips suggest that analysts are optimistic about Vista Energy's sales growth in the current year, which might be a driving factor behind the share buyback decision. Additionally, the company is trading at a high revenue valuation multiple and near its 52-week high, which could signal confidence from the market in its future performance. For investors looking for more in-depth analysis, there are over 10 additional InvestingPro Tips available, which can be accessed for Vista Energy at InvestingPro.

These insights, when considered alongside the company's recent share repurchase, may help investors understand the potential value Vista Energy sees in its own stock and the company's overall financial health. With a solid gross profit margin and a P/E ratio that is low relative to earnings growth, Vista Energy's financials could be signaling an opportune moment for investors.

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