Civitas ResourcesCIVI
Market Cap: $5.36B
About: Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.
Employees: 516
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 38
53% more repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 114
25% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 10 (+2) [Q2]
10% more funds holding
Funds holding: 370 [Q1] → 408 (+38) [Q2]
3% more call options, than puts
Call options by funds: $19.4M | Put options by funds: $18.9M
10% less capital invested
Capital invested by funds: $7.12B [Q1] → $6.4B (-$722M) [Q2]
160.35% less ownership
Funds ownership: 253.23% [Q1] → 92.88% (-160.35%) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 85%upside $101 | Buy Maintained | 21 Aug 2024 |
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 56%upside $85 | Overweight Maintained | 15 Aug 2024 |
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target | 65%upside $90 | Outperform Reiterated | 13 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 84%upside $100 | Buy Maintained | 22 Jul 2024 |
Keybanc Tim Rezvan 26% 1-year accuracy 9 / 35 met price target | 73%upside $94 | Overweight Initiated | 27 Jun 2024 |