SEC Form SC 13G filed by Civitas Resources Inc.

11/12/24 9:55:14 AM ET

Oil & Gas Production

Energy

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SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 CIVITAS RESOURCES INC COMMON STOCK Cusip #17888H103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #17888H103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 6,154,008 Item 6: 0 Item 7: 6,165,724 Item 8: 0 Item 9: 6,165,724 Item 11: 6.269% Item 12: HC Cusip #17888H103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 6,165,724 Item 8: 0 Item 9: 6,165,724 Item 11: 6.269% Item 12: IN Item 1(a). Name of Issuer: CIVITAS RESOURCES INC Item 1(b). Address of Issuer's Principal Executive Offices: 555 - 17TH STREET, SUITE 3700 Denver, CO 80202 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 17888H103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 6,165,724 (b) Percent of Class: 6.269% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 6,165,724 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of CIVITAS RESOURCES INC. No one other person's interest in the COMMON STOCK of CIVITAS RESOURCES INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. November 8, 2024 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC IA Fidelity Management Trust Company BK Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on November 8, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of CIVITAS RESOURCES INC at September 30, 2024. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

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$CIVI

Date	Price Target	Rating	Analyst
9/26/2025	$40.00	Overweight → Equal-Weight	Morgan Stanley
8/25/2025		Mkt Perform	William Blair
8/8/2025		Overweight → Equal Weight	CapitalOne
5/30/2025	$40.00	Outperform → Sector Perform	RBC Capital Mkts
5/15/2025	$34.00	Buy → Neutral	Roth Capital
3/24/2025	$50.00 → $42.00	Outperform → Market Perform	BMO Capital Markets
3/5/2025	$80.00 → $42.00	Buy → Hold	Siebert Williams Shank
2/26/2025	$68.00 → $62.00	Overweight → Neutral	Analyst

More analyst ratings

SEC Form SC 13G filed by Civitas Resources Inc.

11/12/24 9:55:14 AM ET

$CIVI

Oil & Gas Production

Energy

Get the next $CIVI alert in real time by email

Recent Analyst Ratings for

$CIVI

Date	Price Target	Rating	Analyst
9/26/2025	$40.00	Overweight → Equal-Weight	Morgan Stanley
8/25/2025		Mkt Perform	William Blair
8/8/2025		Overweight → Equal Weight	CapitalOne
5/30/2025	$40.00	Outperform → Sector Perform	RBC Capital Mkts
5/15/2025	$34.00	Buy → Neutral	Roth Capital
3/24/2025	$50.00 → $42.00	Outperform → Market Perform	BMO Capital Markets
3/5/2025	$80.00 → $42.00	Buy → Hold	Siebert Williams Shank
2/26/2025	$68.00 → $62.00	Overweight → Neutral	Analyst

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SEC Form SC 13G filed by Civitas Resources Inc.

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SEC Form SC 13G filed by Civitas Resources Inc.

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President & COO Carrell Clayton A. bought $875,074 worth of shares (31,010 units at $28.22), increasing direct ownership by 53% to 89,487 units (SEC Form 4)

Director Willard Howard A. bought $193,690 worth of shares (7,000 units at $27.67), increasing direct ownership by 21% to 39,805 units (SEC Form 4)

Director Fox Carrie M bought $501,056 worth of shares (18,076 units at $27.72), increasing direct ownership by 55% to 50,881 units (SEC Form 4)

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Press Releases

SM ENERGY ANNOUNCES ADDITIONAL DETAILS ON PLANNED MERGER WITH CIVITAS AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES

Civitas Resources Reports Strong Third Quarter 2025 Financial and Operating Results

SM ENERGY AND CIVITAS RESOURCES TO COMBINE IN $12.8 BILLION TRANSFORMATIONAL COMBINATION DELIVERING SUPERIOR STOCKHOLDER VALUE

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Insider Trading

Chief Admn Officer & Secretary Counts Travis L covered exercise/tax liability with 390 shares, decreasing direct ownership by 0.63% to 61,568 units (SEC Form 4)

Interim CEO Van Kempen Wouter T. was granted 117,805 shares, increasing direct ownership by 429% to 145,241 units (SEC Form 4)

Chief Admn Officer & Secretary Counts Travis L covered exercise/tax liability with 2,582 shares, decreasing direct ownership by 4% to 61,958 units (SEC Form 4)

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SEC Filings

Civitas Resources downgraded by Morgan Stanley with a new price target

William Blair initiated coverage on Civitas Resources

Civitas Resources downgraded by CapitalOne

SEC Form 425 filed by Civitas Resources Inc.

SEC Form 425 filed by Civitas Resources Inc.

SEC Form 425 filed by Civitas Resources Inc.

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Leadership Updates

SM ENERGY ANNOUNCES ADDITIONAL DETAILS ON PLANNED MERGER WITH CIVITAS AND PARTICIPATION IN UPCOMING INVESTOR CONFERENCES

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Large Ownership Changes