Civitas ResourcesCIVI
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 Q4 regulatory filings by fund managers ($100M+ AUM)
1.2% more ownership
Funds ownership: 95.32% [Q3] → 96.52% (+1.2%) [Q4]
10% more call options, than puts
Call options by funds: $23.8M | Put options by funds: $21.7M
10% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 147
6% less funds holding
Funds holding: 394 [Q3] → 370 (-24) [Q4]
10% less capital invested
Capital invested by funds: $4.74B [Q3] → $4.27B (-$472M) [Q4]
19% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 74
50% less funds holding in top 10
Funds holding in top 10: 10 [Q3] → 5 (-5) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Piper Sandler Mark Lear 47% 1-year accuracy 82 / 174 met price target | 45%upside $71 | Overweight Maintained | 29 Jan 2025 |
Truist Securities Neal Dingmann 41% 1-year accuracy 63 / 153 met price target | 63%upside $80 | Buy Maintained | 13 Jan 2025 |
Morgan Stanley Devin McDermott 41% 1-year accuracy 11 / 27 met price target | 30%upside $64 | Overweight Initiated | 10 Jan 2025 |
RBC Capital Scott Hanold 34% 1-year accuracy 15 / 44 met price target | 43%upside $70 | Outperform Reiterated | 6 Jan 2025 |
Keybanc Tim Rezvan 42% 1-year accuracy 16 / 38 met price target | 71%upside $84 | Overweight Reiterated | 3 Jan 2025 |
Financial journalist opinion
Based on 3 articles about CIVI published over the past 30 days
