the big winners
The first place on the podium, among the most operated Cedears, goes to Vista Energy that in the last year flew 308.23%. In October alone it grew 34.4%. The company presented its quarterly results on October 26 and reported net earnings of US$76 million, exceeding market expectations. Sales were $334 million, up 91% year over year.
Vista produced gas and oil equivalent to 50,669 barrels of oil per daywith an increase of 26% compared to the same period in 2021.
The Exxon oil company is another of the big winners. Last year it grew 181.8% and last month, 16.3%. The last quarter was the most lucrative in the company’s history. On Friday, October 28, Exxon Mobil presented its quarterly results with a profit of US$19.66 billion, which implies a growth of 12.9% year-on-year.
Tenaris, for its part, climbed 142.5% year-on-year, and in the last 30 days it rose 13.6%. The steel company recorded profits of US$95 million in the third quarter of the year.
“Sales increased considerably in the Americas, reflecting seasonal factors in Canada, a better mix of products and prices in the United States onshore, and greater activity by private operators in Argentina,” the company said in a statement.
Another of the big winners, also from the energy sector, is Petrobras that flew 92.3% in one year despite having fallen 9.3% in the last month. The Brazilian state company reported this Thursday profits of US$8,763 million in the third quarter, an increase of 47.6% year-on-year. The results were considered “excellent” in a report released by the company.
For its part, The Cedear ETF XLE that replicates the energy sector has risen so far this year of 105.3% and a growth in the last month of 16.8%. It is undoubtedly the index that grew the most of the nine that exist in the local stock market.
In terms of market share, Vista and Petrobras are among the most chosen papers. The first represents 4% of the total holding, and the second, 2%. The companies that own the most volume are Apple with 10% and the SPY ETF, which replicates the S&P 500 index, with 8%.
Source: Ambito
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