Civitas Resources Inc (NYSE: CIVI) is 10.66% higher on its value in year-to-date trading and has touched a low of $42.32 and a high of $76.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CIVI stock was last observed hovering at around $51.58 in the last trading session, with the day’s loss setting it -0.82%.
Currently trading at $50.76, the stock is -1.20% and 3.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -1.59% at the moment leaves the stock -13.48% off its SMA200. CIVI registered -20.81% loss for a year compared to 6-month loss of -25.82%. The firm has a 50-day simple moving average (SMA 50) of $49.2728 and a 200-day simple moving average (SMA200) of $59.54095.
The stock witnessed a 13.76% gain in the last 1 month and extending the period to 3 months gives it a 4.47%, and is -0.80% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.07% over the week and 3.00% over the month.
Civitas Resources Inc (CIVI) has around 516 employees, a market worth around $4.90B and $5.04B in sales. Current P/E ratio is 5.02 and Fwd P/E is 5.23. Profit margin for the company is 19.65%. Distance from 52-week low is 19.94% and -33.23% from its 52-week high. The company has generated returns on investments over the last 12 months (8.61%).
with sales reaching $1.3B over the same period.The EPS is expected to shrink by -5.88% this year, but quarterly earnings will post 49.73% year-over-year. Quarterly sales are estimated to grow 14.99% in year-over-year returns.
Civitas Resources Inc (CIVI) Top Institutional Holders
535.0 institutions hold shares in Civitas Resources Inc (CIVI), with institutional investors hold 98.13% of the company’s shares. The shares outstanding are 97.09M, and float is at 91.63M with Short Float at 6.53%. Institutions hold 97.42% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.9 million shares valued at $683.17 million. The investor’s holdings represent 9.8473% of the CIVI Shares outstanding. As of 2024-06-30, the second largest holder is CANADA PENSION PLAN INVESTMENT BOARD with 9.52 million shares valued at $657.17 million to account for 9.4725 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 8.35 million shares representing 8.3068% and valued at over $576.3 million, while FMR LLC holds 5.4417 of the shares totaling 5.47 million with a market value of $377.53 million.
Civitas Resources Inc (CIVI) Insider Activity
The most recent transaction is an insider sale by CANADA PENSION PLAN INVESTMENT, the company’s 10% Owner. SEC filings show that CANADA PENSION PLAN INVESTMENT sold 6,956,520 shares of the company’s common stock on May 15 ’24 at a price of $73.22 per share for a total of $509.36 million. Following the sale, the insider now owns 9.52 million shares.
