Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its assets in the Denver-Julesburg (DJ) and Permian Basins. The Company’s operations are focused along the Denver-Julesburg (DJ), Delaware and Midland Basins. Its development facilities are located in counties across the Front Range of northern and central Colorado, as well as Southeastern New Mexico and West Texas. Its acreage position in the DJ Basin is about 453,600 net acres and, in the Permian Basin, it is about 68,500 net acres. The Company has a total production of about 280,000 barrels of oil equivalent (BOE).
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 37.33% year-on-year.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 58.32%.
Undervalued
The company’s latest PB is 0.39, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 103.94M shares, decreasing 10.90% quarter-over-quarter.
Held by Donald G. Smith
Star Investor Donald G. Smith holds 4.48M shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.90.