Why This Fund Added $4.6 Million to a Latin American Energy Stock

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On February 2, PING Capital Management disclosed a bargain of 101,000 further shares of Vista Energy (NYSE:VIST), an estimated $4.57 cardinal commercialized based connected quarterly mean pricing.

According to a U.S. Securities and Exchange Commission (SEC) filing dated February 2, PING Capital Management, Inc. accrued its presumption successful Vista Energy by 101,000 shares during the 4th quarter. The estimated transaction value, based connected the mean closing terms for the quarter, was astir $4.57 million. The quarter-end worth of the Vista Energy involvement accrued by $6.68 million, which includes some the further shares purchased and banal terms movement.

The bargain brought Vista Energy to 3.15% of PING Capital’s 13F assets nether absorption arsenic of December 31.

Top holdings aft the filing include:

NYSE: YPF: $70.46 cardinal (28.1% of AUM)
NASDAQ: GGAL: $24.32 cardinal (9.7% of AUM)
NYSE: PAM: $18.86 cardinal (7.5% of AUM)
NYSEMKT: KWEB: $16.85 cardinal (6.7% of AUM)
NYSEMKT: FXI: $14.36 cardinal (5.7% of AUM)

As of February 2, Vista Energy shares were priced astatine $61.05, up 13% implicit the past twelvemonth and lone somewhat underperforming the S&P 500’s astir 15.5% summation successful the aforesaid period.

Metric

Value

Revenue (TTM)	$2.23 billion
Net income (TTM)	$727.14 million
Price (as of February 2)	$61.05

Vista Energy, S.A.B. de C.V. is an autarkic lipid and state shaper successful Latin America operating important acreage successful the Vaca Muerta shale formation. The institution engages successful the exploration and accumulation of lipid and gas, with main assets successful Vaca Muerta and producing fields successful Argentina and Mexico. It generates gross chiefly done the merchantability of crude lipid and earthy state produced from its operated acreage and reserves.

This determination matters due to the fact that it reflects assurance successful execution, not conscionable commodity prices. When a portfolio already concentrated successful Argentina adds to an vigor position, it usually means the operating communicative is doing the dense lifting.

Vista’s latest 4th delivered results that mightiness assistance explicate this added investment. In the 3rd 4th of 2025, accumulation jumped 74% twelvemonth implicit twelvemonth to 126,752 barrels of lipid equivalent per day, driven by beardown good productivity successful Vaca Muerta and the consolidation of its involvement successful La Amarga Chica. Revenues roseate 53% twelvemonth implicit twelvemonth to $706 million, portion adjusted EBITDA climbed 52% to $472 million, pushing margins to 67% contempt little realized lipid prices. Cost subject helped, too. Lifting costs fell to $4.40 per tube of lipid equivalent, and the elimination of trucking improved selling expenses.

This portfolio already leans heavy toward Argentine exposure, with vigor astatine the core. Adding present signals a penchant for companies converting geology into currency flow, not conscionable optionality.

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