Vista Energy, a Mexico City-based oil and gas company, recently executed a share buyback plan, repurchasing 40,000 shares of its Class A stock. The transaction was completed on Monday, August 30, 2024, with the shares purchased for MXN 1,022.75 per share, for a total of approximately MXN 40.91 million, excluding fees and taxes.
This repurchase is in accordance with the authorization issued by the Company’s ordinary general meeting of shareholders on August 6, 2024. Following the repurchase, Vista Energy announced that 95,280,885 Class A Shares remain outstanding, with 3,500,141 Class A Shares held in treasury as a result of the Company’s repurchase activities.
The transactions were facilitated by Citibanamex Casa de Bolsa, SA de CV, a brokerage subsidiary of the Citibanamex Financiero Group. The shares were repurchased on both the New York Stock Exchange (NYSE: VIST) and the Mexican Stock Exchange (BMV: VISTA).
Vista Energy, formerly known as Vista Oil & Gas, SAB de CV, operates in the Crude Oil sector under industrial classification 1311. The company’s fiscal year ends on December 31.
This share repurchase is part of Vista Energy’s strategy to manage its capital and deliver value to its shareholders. The company’s investor relations contact information is available for those seeking further details on the transaction.
This report confirms, based on a press release, that the share buyback was formally filed with the U.S. Securities and Exchange Commission (SEC) on today’s date, Tuesday, September 3, 2024.
InvestingPro Insights
Vista Energy’s recent share buyback plan is in line with analysts’ positive expectations, InvestingPro advises. Notably, analysts are expecting sales to grow this year, which could indicate confidence in the company’s ability to generate revenue. Additionally, Vista Energy operates with an impressive gross profit margin, which could be indicative of the company’s cost management and pricing strategy.
From an investment perspective, the company’s financial metrics provide further insight. InvestingPro data reveals a market cap of $4.69 billion, reflecting the company’s large size in its sector. Furthermore, Vista Energy’s price-to-earnings (P/E) ratio of 11.69 is competitive, which, when combined with a low P/E to growth ratio of 0.38, suggests that the stock may be trading at a relatively reasonable price for its near-term earnings growth potential.
The company’s gross profit margin over the past twelve months through Q2 2024 stood at a robust 76.14%, demonstrating the efficiency of its operations. This healthy financial position is also reflected in the strong operating income margin of 48.19% for the same period. Investors may find these numbers encouraging, as they reflect Vista Energy’s ability to efficiently translate sales into profits.
For those interested in further analysis and additional InvestingPro tips, there are 16 more tips available on InvestingPro that can provide a deeper look into Vista Energy’s financial health and market performance.
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