In a move to implement decisions from its recent shareholders' meeting, Vista Energy, S.A.B. de C.V. (NYSE:VIST, BMV:VISTA) has completed the repurchase of 40,000 Series A shares.
The Wednesday transaction occurred at a price of 1,003.27 Mexican Pesos per share, totaling approximately 40.13 million Mexican Pesos, excluding additional fees and taxes.
This repurchase is part of a plan authorized on August 6, 2024, reflecting the company's strategy to manage its share capital. Following this transaction, the total number of outstanding Series A shares has been adjusted to 95,360,885, with 3,420,141 Series A shares held in Treasury due to the company's repurchase activity.
Citibanamex Casa de Bolsa, S.A. de C.V., a brokerage firm part of Grupo Financiero Citibanamex, facilitated the execution of these share repurchases. This information is based on a recent United States Securities and Exchange Commission filing.
Investors and interested parties can direct their inquiries to Vista Energy's investor relations contacts provided in the press release statement. The company, headquartered in Mexico City, operates in the crude petroleum and natural gas sector under the industrial classification code 1311. Vista Energy was previously known as Vista Oil & Gas, S.A.B. de C.V., with the name change occurring on December 19, 2018.
The company's strategic planning and investor relations officer, Alejandro Cherñacov, has been identified as the authorized signatory for this SEC filing.
InvestingPro Insights
In light of Vista Energy's recent share repurchase, investors may find value in the latest metrics and analysis provided by InvestingPro. The company boasts a solid market capitalization of approximately $4.87 billion and is trading at a P/E ratio of 11.3, which is considered low relative to its near-term earnings growth. With a PEG ratio of just 0.39, Vista Energy appears to be positioned for future growth at a rate that may not be fully reflected in its current share price.
InvestingPro Tips highlight the company's impressive gross profit margins of 76.14% and a revenue growth of 6.74% over the last twelve months as of Q2 2024. These figures suggest that the company is effectively managing its finances and generating significant income relative to its sales. Moreover, Vista Energy has achieved a high return over the last year, with a price total return of 90.23%, and is trading near its 52-week high at 97.38% of the peak price. This performance is indicative of strong investor confidence and market reception.
For investors seeking additional insights, InvestingPro offers numerous tips on Vista Energy, including the company's moderate level of debt and the anticipation of profitability in the current year. To explore these and other expert tips, interested parties can visit InvestingPro's dedicated page for Vista Energy.
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