Vietnam National Petroleum, VN000000PLX1

Petrolimex sells 23 million shares as Vietnam National Petroleum stock widens float

Published on 10/16/2026 at 10:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Analysts set a VND 45,275 average target for Vietnam National Petroleum stock. Second-quarter revenue reached VND 136.25 trillion.

Ownership and earnings in numbers

Petrolimex completed its treasury-share sale on September 17, 2026, after selling 23 million shares.
Second-quarter revenue reached VND 136.25 trillion, up 78 percent year over year.
Investing.com listed a VND 45,275 average target from 4 analysts on October 1, 2026.

Vietnam National Petroleum, VN000000PLX1, Illustration mit AI erstellt.

Vietnam National Petroleum Group (VN000000PLX1) sold 23 million treasury shares for more than VND 844 billion, a transaction completed on September 17, 2026, according to The Investor. The sale addressed the company's shareholder-structure requirement and increased the number of outstanding shares to 1.29 billion.

Three dates define the sale

Petrolimex began matching the treasury shares on August 26, 2026, completed the transactions on September 16, 2026, and disclosed the result on September 17, 2026. The average sale price was VND 36,250 per share, while the transaction value exceeded VND 844 billion, Znews reported.

What did the sale change?

The transaction widened the public share base by 23 million shares, equal to about 1.8 percent of the company's capital. It also helped Petrolimex meet the 10 percent minimum for voting shares held by smaller investors, after that group had held 9.419 percent as of March 25, 2026, according to The Investor. The immediate investor issue is therefore structural rather than a new operating target.

Revenue provides the earnings backdrop

Petrolimex reported VND 136.25 trillion of revenue in the second quarter of 2026, up 78 percent from the same quarter of 2025. Six-month revenue reached VND 234.98 trillion, 63 percent above the comparable 2025 period, while six-month net income rose 46 percent to VND 2.382 trillion, Znews reported.

Targets remain above the latest quote

Investing.com listed a VND 45,275 average 12-month target from 4 analysts on October 1, 2026, alongside a VND 43,200 low target and a VND 49,100 high target. The same page showed PLX at VND 35,550.00 on October 16, 2026 at 8:45 a.m. ICT, leaving the target range as a valuation reference rather than a reported company forecast.

Stock ownership is the near-term focus

The treasury-share sale changes the trading structure while the second-quarter figures provide an operating benchmark for the stock. Vietnam National Petroleum Group is listed on HOSE under ticker PLX.VN and operates in the energy sector.