Civitas Resources Inc (NYSE: CIVI) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Civitas Resources Inc is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas E&P industry. The current market capitalization of Civitas Resources Inc is $5.30B. A total of 1.42 million shares were traded on the day, compared to an average of 1.13M shares.

In the most recent transaction, CANADA PENSION PLAN INVESTMENT sold 6,956,520 shares of CIVI for 73.22 per share on May 15 ’24. After the transaction, the 10% Owner now owns 9,524,201 company shares.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Civitas Resources Inc pays an annual dividend of $2.00, resulting in a dividend yield of 3.71%, and it has a price to earnings (P/E) ratio of 6.23. CIVI’s most recent ex-dividend date was 9/12/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 9/26/2024. Previously, the company paid the dividend on 6/26/2024 with an ex-dividend date of 6/12/2024. The CIVI stock dividend was $0.50 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CIVI has a high of $76.02 and a low of $48.05.

As of this writing, CIVI has an earnings estimate of $1.99 per share for the current quarter. EPS was calculated based on a consensus of 13.0 estimates, with a high estimate of $2.52 per share and a lower estimate of $1.63. The company reported an EPS of $3.66 in the last quarter

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CIVI’s latest balance sheet shows that the firm has $254.45M in Cash & Short Term Investments as of fiscal 2021. There were $551.06M in debt and $1.12B in liabilities at the time. Its Book Value Per Share was $66.97, while its Total Shareholder’s Equity was $4.65B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CIVI is Buy with a score of 4.79.

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