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Civitas Resources Inc - CIVI STOCK NEWS

Welcome to our dedicated news page for Civitas Resources (Ticker: CIVI), a resource for investors and traders seeking the latest updates and insights on Civitas Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Civitas Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Civitas Resources's position in the market.

Rhea-AI Summary
Civitas Resources, Inc. (CIVI) will release its first quarter 2024 operating and financial results on May 2, 2024. A conference call and webcast are scheduled for May 3, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
-
Rhea-AI Summary
Civitas Resources, Inc. (NYSE: CIVI) announced the repurchase of approximately 876 thousand shares of its common stock at $64.54 per share from NGP Tap Rock Holdings, LLC. The transaction aims to return cash to shareholders and enhance the company's financial position. CEO Chris Doyle highlighted the company's commitment to shareholder value through share repurchases and dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.73%
Tags
buyback
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Rhea-AI Summary
Civitas Resources, Inc. reports strong financial results for Q4 2023 and full-year 2023, with net income of $303 million, free cash flow of $215 million, and $1.45 per share dividend. The company maintained its 2024 production guidance and reduced capital expenditures by $150 million. The 2024 outlook focuses on maximizing free cash flow and returning cash to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.73%
Tags
Rhea-AI Summary
Civitas Resources, Inc. (NYSE: CIVI) has announced plans to release its fourth quarter 2023 operating and financial results and its 2024 outlook. The company will hold a conference call and webcast to discuss the results and outlook. The call is scheduled for February 28, 2024, and a live webcast and replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
none
-
Rhea-AI Summary
Civitas Resources, Inc. (NYSE: CIVI) has appointed Brad Whitmarsh as Vice President, Investor Relations. With over 20 years of leadership experience in the oil and gas industry, Mr. Whitmarsh will be the primary liaison between the company and the investment community. His previous roles include Vice President, Investor Relations for Denbury Inc. and Vice President of Investor Relations for Noble Energy Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
management
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Rhea-AI Summary
Civitas Resources, Inc. (NYSE: CIVI) announced the acquisition of certain oil and gas assets in the Midland basin in Texas from Vencer Energy, LLC. The agreement involved issuing Vencer 7,181,527 shares of common stock and $1 billion of cash, with a $550 million deferred cash payment due in 2025. Civitas plans to use cash on hand and/or borrowings to fund the deferred payment. Civitas President & CEO, Chris Doyle, highlighted the company's strong balance sheet and low-cost structure, positioning them to deliver the industry's best shareholder cash return program over the long term.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
Rhea-AI Summary
Civitas Resources, Inc. (NYSE: CIVI) Announces Q3 2023 Results, Fixed-plus-Variable Dividend, and Key Leadership Additions
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.54%
Tags
-
Rhea-AI Summary
Civitas Resources, Inc. announces plans to release third quarter 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
-
Rhea-AI Summary
Civitas Resources, Inc. announces private placement to fund pending acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
none
Rhea-AI Summary
Civitas Resources' CEO announces successful debt offering to finance Vencer acquisition and expects $300 million in non-core asset sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.83%
Tags
none
Civitas Resources Inc

NYSE:CIVI

CIVI Rankings

CIVI Stock Data

7.50B
87.86M
7.91%
91.91%
5.72%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Denver

About CIVI

operational expertise, aggressive sustainability practices, and shared community values reach new levels at civitas, a company born by bringing together decades of operational experience in the dj basin. civitas is colorado’s largest pure play oil and natural gas producer. with a premier dj basin management team, focused innovation and our commitment to long-term sustainability, civitas brings value to colorado’s economy, its people, and the energy industry. with a strategic and collaborative vision, we are helping ensure our state and our communities will benefit from colorado’s oil and natural gas industry today and well into the future.