Vista Energy (VIST) shares popped on Aug. 17 after regulatory filings confirmed that billionaire investor Peter Thiel has built a sizable stake in the oil and gas company. Thiel’s hedge fund has spent a total of about $76 million to accumulate 1.2 million company shares. VIST is now the second-largest holding of Thiel Macro LLC.
At the time of writing, Vista Energy stock is up more than 45% versus the start of this year.