$VIST

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index was up 0.4%, and the Dow Jones US Utilities Index was decreasing 0.6%.Oil prices rose Monday as the 60-day ceasefire between the US and Iran expired, with no signs of near-term engagement prospects. The US and Iran agreed to a memorandum of understanding to end their war in June and negotiate a final deal. However, the truce apparently collapsed as tensions over the control of the Strait of Hormuz escalated.Front-month West Texas Intermediate crude oil rose 2.3% to $84.31 a barrel, and the global benchmark Brent crude contract added 2.4% to $90.66 a barrel. Henry Hub natural gas futures fell 1.5% to $2.69 per 1 million BTU.In corporate news, Chevron (CVX) said Monday that its Cabinda Gulf Oil unit has made an oil and gas condensate discovery offshore Angola. The company said the well, which was drilled in the Lower Congo Basin, reached an oil and gas condensate column of more than 600 meters with more than 90 meters of net pay in reservoir quality rock. Chevron shares rose 1.5%.Palantir (PLTR) Co-Founder Peter Thiel has acquired over 1.1 million American depositary shares in Vista Energy (VIST) worth about $75.9 million, according to a filing with the US Securities and Exchange Commission. Vista Energy shares gained 5.7%.Fermi (FRMI) shares were down nearly 4% after it received a subpoena from the US District Court for the Eastern District of New York on July 30 requesting documents related to Project Matador, the company and certain former management members.NexGen Energy (NXE) is sharing information and holding talks with BHP (BHP) about its Rook I mining project in Saskatchewan, as it seeks to raise $1 billion in capital over the next nine months, Reuters reported, citing NexGen CEO Leigh Curyer. NexGen shares rose 3.3%, and BHP added 1.6%.

Sector Update: Energy Stocks Gain Monday Afternoon

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.9%.The Philadelphia Oil Service Sector Index was 0.2% higher, and the Dow Jones US Utilities Index was decreasing 0.6%.Front-month West Texas Intermediate crude oil rose 1% to $83.25 a barrel, and the global benchmark Brent crude contract added 1.3% to $89.63 a barrel. Henry Hub natural gas futures fell 1.6% to $2.69 per 1 million BTU.In geopolitical news, President Donald Trump warned Oman of attacks on the day a deadline to reach a permanent peace deal with Iran expired. Monday marks 60 days since the US and Iran signed a memorandum of understanding that called for a wider peace deal to be negotiated within that timeframe, CBS News reported. On the same day, Trump threatened to bomb Oman if the country "gets in the way" of US efforts to reopen the Strait of Hormuz and end the war with Iran, CBS cited Fox News.Earlier, Iran's Foreign Ministry spokesman said Tehran had reached an agreement with Oman regarding future shipping routes in the strait, according to the CBS report. That being said, Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to agree a permanent end to its war with the US, a senior Iranian official told Reuters on Monday.In corporate news, Chevron (CVX) said Monday that its Cabinda Gulf Oil unit has made an oil and gas condensate discovery offshore Angola. The company said the well, which was drilled in the Lower Congo Basin, reached an oil and gas condensate column of more than 600 meters with more than 90 meters of net pay in reservoir quality rock. Chevron shares rose 1.4%.Palantir (PLTR) Co-Founder Peter Thiel has acquired over 1.1 million American depositary shares in Vista Energy (VIST) worth about $75.9 million, according to a filing with the US Securities and Exchange Commission. Vista Energy shares climbed 4.3%.Equinor (EQNR) agreed to acquire 88% of Lackawanna Energy Center's Class A shares for $940 million from funds managed by BlackRock's (BLK) Global Infrastructure Partners. Equinor shares rose 2.1%.

Top Midday Stories: Nvidia Investing $1.5 Billion in SB Energy; L3Harris Names Sam Mehta as CEO, Replacing Christopher Kubasik

The Nasdaq Composite was up, while the Dow Jones Industrial Average and S&P 500 Index were down in late-morning trading Monday, as oil prices rose amid ongoing tensions in the Middle East.In company news, Nvidia (NVDA) said Monday it is investing $1.5 billion in SB Energy to support its growth as an artificial intelligence infrastructure developer. The chipmaker has entered into a partnership with SB Energy to become the exclusive AI compute infrastructure provider at the PORTS-Pike Technology Campus in Pike County, Ohio. SB Energy will build, own and operate the data center under a 20-year lease to Microsoft-backed (MSFT) OpenAI, which will use the capacity, according to a statement. Nvidia shares were up 1.1%, while Microsoft shares were down 2.2%.L3Harris Technologies (LHX) said Monday it has appointed Sam Mehta as president and chief executive, replacing Christopher Kubasik, who stepped down as chairman and CEO following an investigation into conduct the company said was inconsistent with its code of conduct. Mehta, who joined L3Harris in 2023, most recently led the Space & Mission Systems and Communications & Spectrum Dominance segments. L3Harris shares were down 4.1%.Amazon-backed (AMZN) Anthropic told potential investors that its Q2 revenue jumped at least 14-fold from the year prior to over $11.5 billion, Bloomberg reported, citing internal documents it viewed. Amazon shares were down 0.4%.EyePoint (EYPT) said Monday its Phase 3 Lugano trial testing Duravyu in patients with wet age-related macular degeneration failed to achieve its primary endpoint. The drug missed the main visual acuity goal in the complete dataset because of a patient subgroup with vision loss unrelated to the condition, the company said. EyePoint shares were down 69.3%.Palantir Technologies (PLTR) Co-Founder Peter Thiel has acquired over 1.1 million American depositary shares in Vista Energy (VIST) worth about $75.9 million, according to a filing with the US Securities and Exchange Commission. Palantir shares were up 0.5%.Madison Air Solutions (MAIR) signed a definitive deal to acquire ebm-papst, which specializes in airflow technology, for $5.40 billion, or $5 billion net of future tax savings, the company said Monday. The deal is expected to close around the end of the year, Madison said. Madison Air shares were down 4.4%.Price: $227.00, Change: $+1.84, Percent Change: +0.82%

Sector Update: Energy Stocks Edge Higher Premarket Monday

Energy stocks edged higher premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.2%.The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 1% lower.Front-month US West Texas Intermediate crude oil was 0.5% higher at $82.84 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.7% to $89.14 per barrel, and natural gas futures were down 2.3% at $2.67 per 1 million British Thermal Units.Palantir Technologies (PLTR) Co-Founder Peter Thiel has acquired 1,189,792 American depositary shares in Argentina's Vista Energy (VIST) worth about $75.9 million, according to a US Securities and Exchange Commission filing published Friday. Shares of Vista Energy were up 3.8% pre-bell.Petrobras (PBR) has identified hydrocarbons at its Morpho exploratory well in ultra-deep waters off Amapa, Brazil, the company said. Shares of Petrobras were up 1.7% premarket.Empire Petroleum (EP) stock was up 5.8% after the company said it successfully re-entered and evaluated the Wakefield-Harrison GU B1 well in Texas to a depth of 21,006 feet.

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Monday Amid Lower Rate Hike Expectations

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.5% higher in Monday's premarket activity amid lower expectations of an interest rate increase.US stock futures were mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.5% before the start of regular trading.The New York Federal Reserve's Empire State manufacturing index rose to 20.6 in August from 15.6 in July, compared with an expected decrease to a reading of 10.0 in a survey compiled by Bloomberg.The National Association of Home Builders' housing market index for August will be released at 10 am ET.In premarket action, bitcoin was up by 0.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% higher, Ether ETF (EETH) advanced 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.4%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) slipped 0.1%. The iShares Biotechnology ETF (IBB) was up 0.4%.Argenx (ARGX) stock was up more than 11% premarket after the company said a phase 3 study evaluating its experimental drug, Vyvgart Hytrulo, in adults with autoimmune myositis met its primary endpoint.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was down 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated 0.1%.Vista Energy (VIST) stock was up more than 4% before market open after a 3.2% rise at Friday's close. A US Securities and Exchange Commission filing published Friday showed that Palantir Technologies (PLTR) Co-Founder Peter Thiel has acquired 1,189,792 American depositary shares in the Argentinian energy company worth about $75.9 million. Palantir stock was 0.6% lower.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.02%, the Vanguard Industrials Index Fund (VIS) was up 0.1%, and the iShares US Industrials ETF (IYJ) was inactive.L3Harris Technologies (LHX) stock was down more than 2% before the opening bell after the company said it appointed Sam Mehta as President and CEO to succeed Christopher Kubasik, who stepped down as chairman and CEO following an investigation.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.6%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.5%, and the iShares US Consumer Staples ETF (IYK) was 1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.1% higher.Amazon (AMZN) shares were up more than 1% pre-bell. According to updated user conditions posted on the company's website Friday, Amazon has reinstated binding arbitration for its US customers and barred them from pursuing class action lawsuits.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% higher.Riot Platform (RIOT) shares traded up 1% in early hours activity after the company said its wholly owned subsidiary, Riot DC Logistics, entered into a $573 million senior secured delayed-draw term loan credit agreement on Aug. 10.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.3%, the iShares US Technology ETF (IYW) was 0.6% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) advanced 1,4%, while the iShares Semiconductor ETF (SOXX) rose by 1%.Nvidia (NVDA) shares were up 0.7% after a Friday filing with the US Securities and Exchange Commission showed that the company has a $29.99 billion stake in Intel (INTC) and a $20.98 billion stake in Space Exploration Technologies (SPCX) as of June 30. Intel stock was 0.6% higher, while SpaceX was marginally lower.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.4% to reach $82.73 per barrel on the New York Mercantile Exchange. Natural gas was down 2.1% at $2.68 per 1 million British Thermal Units. The United States Oil Fund (USO) gained 0.9%, while the United States Natural Gas Fund (UNG) was 1.7% lower.Gold futures for November were up by 0.2% at $4,443.90 an ounce on the Comex. Silver futures advanced 0.9% to $65.66 an ounce. SPDR Gold Shares (GLD) gained by 0.1%, and the iShares Silver Trust (SLV) was 0.8% higher.

Sector Update: Energy

Energy stocks were edging higher premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.1%.The United States Oil Fund (USO) was up 0.5% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 0.8% higher at $83.06 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.9% to $89.34 per barrel, and natural gas futures were down 2.1% at $2.68 per 1 million British Thermal Units.Palantir Technologies (PLTR) Co-Founder Peter Thiel has acquired 1,189,792 American depositary shares in Argentina's Vista Energy (VIST) worth about $75.9 million, according to a US Securities and Exchange Commission filing published Friday. Shares of Vista Energy were up more than 4% pre-bell.

Vista Energy Fiscal Q2 Adjusted Earnings, Revenue Rise

Vista Energy (VIST) reported fiscal Q2 adjusted earnings late Thursday of $2.4 per diluted share, up from $0.5 a year earlier.Analysts surveyed by FactSet expected $3.16, if comparable.Revenue for the three months ended June 30 was $1.21 billion, up from $610.5 million a year earlier.Analysts expected $1.19 billion.

Earnings Flash (VIST) Vista Energy Posts Q2 Adjusted EPS $2.40, vs. FactSet Est of $3.16

Earnings Flash (VIST) Vista Energy Posts Q2 Revenue $1.21B, vs. FactSet Est of $1.19B

HSBC Initiates Vista Energy at Buy With $95 Price Target

Vista Energy SAB de CV (VIST) has an average rating of buy and mean price target of $100.27, according to analysts polled by FactSet.

UBS Adjusts Price Target on Vista Energy to $87 From $86, Maintains Buy Rating

Vista Energy (VIST) has an average rating of buy and mean price target of $91.29, according to analysts polled by FactSet.

Vista Energy Q1 Adjusted Earnings, Revenue Rise

Vista Energy (VIST) reported Q1 adjusted earnings late Wednesday of $0.89 per diluted share, up from $0.79 a year earlier.Analysts surveyed by FactSet expected $1.22, if comparable.Net revenue for the three months ended March 31 was $670.6 million, up from $420.8 million a year earlier.Analysts polled by FactSet expected $712.5 million.

Earnings Flash (VIST) Vista Energy Posts Q1 Adjusted EPS $0.89

Earnings Flash (VIST) Vista Energy Posts March Quarter Revenue $865.0M