Civitas Resources Inc’s recent filing unveils that its 10% Owner CANADA PENSION PLAN INVESTMENT unloaded Company’s shares for reported $509.36 million on May 15 ’24. In the deal valued at $73.22 per share,6,956,520 shares were sold. As a result of this transaction, CANADA PENSION PLAN INVESTMENT now holds 9,524,201 shares worth roughly $645.26 million.
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Then, Kimmeridge Energy Management C sold 3,296,475 shares, generating $232,401,488 in total proceeds. Upon selling the shares at $70.50, the 10% Owner now owns 8,348,022 shares.
RBC Capital Mkts initiated its Civitas Resources Inc [CIVI] rating to an Outperform in a research note published on May 28, 2024; the price target was $90. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early February with a ‘”an Overweight”‘ rating. Pickering Energy Partners began covering CIVI with “an Outperform” recommendation on January 05, 2024. Mizuho revised its rating on January 03, 2024. It rated CIVI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CIVI
On Friday, Civitas Resources Inc [NYSE:CIVI] saw its stock fall -0.72% to $67.75. Over the last five days, the stock has lost -7.90%. Civitas Resources Inc shares have risen nearly 0.42% since the year began. Nevertheless, the stocks have fallen -0.96% over the past one year. While a 52-week high of $82.81 was reached on 05/10/24, a 52-week low of $59.58 was recorded on 02/05/24. SMA at 50 days reached $73.70, while 200 days put it at $72.04. A total of 0.71 million shares were traded, compared to the trading of 1.47 million shares in the previous session.
Levels Of Support And Resistance For CIVI Stock
The 24-hour chart illustrates a support level at 67.04, which if violated will result in even more drops to 66.34. On the upside, there is a resistance level at 68.58. A further resistance level may holdings at 69.42. The Relative Strength Index (RSI) on the 14-day chart is 33.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.80%. Stochastics %K at 10.40% indicates the stock is a buying.
The most recent change occurred on September 18, 2023 when Siebert Williams Shank began covering the stock and recommended ‘”a Buy”‘ rating along with a $106 price target.
