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Carrie M. Fox, a director at Civitas Resources , Inc. (NYSE:CIVI), recently acquired a substantial amount of the company’s common stock. On May 9, 2025, Fox purchased 18,076 shares at a weighted average price of $27.7194 per share, with transaction prices ranging from $27.70 to $27.73. This transaction amounted to a total value of $501,055. Following this acquisition, Fox’s direct ownership of Civitas Resources stands at 50,881 shares.This insider purchase comes as the $2.56B market cap company trades at a P/E ratio of just 3.17 and offers a substantial 10.92% dividend yield. According to InvestingPro analysis, the stock appears undervalued, trading significantly below its Fair Value after falling over 60% in the past year. InvestingPro subscribers can access 12 additional key insights about Civitas Resources, including detailed valuation metrics and growth forecasts.
In other recent news, Civitas Resources Inc. reported better-than-expected financial results for the first quarter of 2025. The company’s earnings per share (EPS) reached $1.77, surpassing the forecast of $1.63, while revenue came in at $1.19 billion, exceeding the anticipated $1.18 billion. Despite these positive earnings results, the company remains focused on cost optimization, implementing a plan expected to save $100 million annually. Nearly 50% of Civitas’s crude oil production for 2025 is hedged, valued at $200 million, which is part of their strategy to ensure financial stability. The company is also prioritizing debt reduction, targeting a year-end net debt of $4.5 billion. Additionally, Civitas is considering asset sales worth $300 million to focus on non-producing assets, although they emphasize they will not sell at unfavorable prices. Analysts from TD Cowen expressed interest in how the company plans to maintain production and free cash flow levels amid volatile oil prices. Civitas’s CEO, Chris Doyle, reaffirmed the company’s commitment to cost management and debt reduction, stating that the primary goal remains hitting the debt target by year-end.
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