Generally speaking, low-risk dividend stocks have a direct correlation with their reward profile. Stated differently, if you're looking for something with low volatility, you're likely going to extract low yields. However, the market features thousands upon thousands of publicly traded ideas. It's inevitable that a few gems fall through the cracks. Certain enterprises feature an inverse relationship: (relatively) small dangers in exchange for robust yields. If you're feeling adventurous, check out these low ...

Core Viewpoint - Civitas Resources is aggressively pursuing growth through mergers and acquisitions, particularly in the Permian Basin, with a focus on building a large upstream company quickly through accretive acquisitions [1][6]. Group 1: Mergers and Acquisitions - Civitas has completed the acquisition of oil and gas assets in the Midland Basin from Vencer Energy and assumed operatorship ahead of schedule [1]. - The company is actively seeking additional acquisitions to enhance its growth strategy, indicating a continuous pace of mergers since its formation [6][8]. - Management is engaging in "bolt-on" acreage swaps to improve operational efficiency and profitability, aiming for larger contiguous positions that allow for longer and more profitable wells [4][16]. Group 2: Financial Considerations - The market demands low leverage and strong cash flow as critical factors for any merger, which Civitas is addressing by using common stock to maintain acceptable debt levels [2][3]. - The company has reported strong cash flow for the quarter, enabling stock repurchases and dividends while maintaining a low debt ratio [6][21]. - Civitas has reduced over $300 million in debt since December 2023, indicating a solid cash flow generation after maintaining production [21]. Group 3: Operational Efficiency - Civitas is expected to improve operational costs and production rates once it takes over the acquired properties, benefiting from technological advancements in the industry [14][19]. - The strategy of acquiring non-core assets from operators looking to divest is anticipated to lead to improved operations, as these properties are often not optimized [12][13]. Group 4: Shareholder Returns - The company has identified high-quality acreage, suggesting that shareholder returns could be above average in the foreseeable future [20]. - A total dividend of $1.50 per share has been calculated, combining a base dividend and a variable dividend based on free cash flow [27]. Group 5: Management and Strategy - The lack of a long company history raises speculative concerns, making it essential for investors to evaluate management's capability in executing the acquisition strategy effectively [8][23]. - The management's focus on maintaining a reasonable debt repayment strategy aligns with current market conditions, although the overall debt level is above long-term guidance [10][11].

Civitas Resources (CIVI) closed the last trading session at $76.97, gaining 0.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $96.70 indicates a 25.6% upside potential.The mean estimate comprises 10 short-term price targets with a standard deviation of $7.15. While the lowest estimate of $85 indicates a 10.4% increase from the current price level, the most optimistic analyst exp ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

Financial Data and Key Metrics Changes - The company reported a significant beat on both consensus earnings and cash flow for Q1 2024, with sales volumes averaging 336,000 barrels of oil equivalent per day, and oil production at 156,000 barrels per day, representing 47% of total volumes [9][10] - Cash operating costs were reported at $9.19 per BOE, with LOE at $4.31 per BOE, which was more than $1 below expectations [12][33] - The company returned $215 million to shareholders through dividends and share buybacks during the quarter, with a total return of approximately $1.3 billion over the past year [8][32] Business Line Data and Key Metrics Changes - The Permian assets are performing well, with a nearly 30% increase in average footage drilled per day compared to prior operators, and the company drilled more footage per day per rig than any other operator in the Permian during Q1 [11][34] - In the DJ Basin, the company completed 13 four-mile laterals, the longest wells ever drilled in the basin, which are expected to enhance production in the second half of the year [37] Market Data and Key Metrics Changes - The company achieved its $300 million divestment target ahead of schedule, which is expected to accelerate value by peeling away non-core assets [30][31] - The company anticipates maintaining full-year volume guidance despite selling 5,000 BOE per day, reflecting a 1.5% increase in sales volume guidance for the year without a change in CapEx [31] Company Strategy and Development Direction - The company aims to maximize free cash flow, enhance the balance sheet, and return capital to shareholders while building a long-term sustainable business [10][16] - The focus remains on capital efficiency and optimizing the development of both the Permian and DJ Basins, with plans to invest about 60% of this year's capital in the Permian [34][39] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the early results from the integration of new businesses in the Permian and emphasized the importance of continuous improvement and operational efficiency [21][96] - The company is optimistic about the potential for further efficiency gains and is evaluating options for capital deployment, including potential production growth or increased shareholder returns [82][72] Other Important Information - The company is working on regulatory matters in Colorado, with a compromise reached that is expected to remove risks of near-term regulatory changes through 2028 [15][94] - The company has a strong balance sheet and significant free cash flow, which supports its ability to return cash to shareholders through dividends and buybacks [32][72] Q&A Session Summary Question: Insights on well productivity in the Permian - Management highlighted notable capital efficiency gains and improvements in drilling and completion cycle times, with additional zones of interest being tested [18][19] Question: Future growth strategy with high-return Permian assets - Management indicated that while flat production growth is likely, they are continuously evaluating how to maximize shareholder value through capital allocation [21][43] Question: Legislative support for Colorado fee proposal - Management expressed confidence in the legislative process and the coalition formed to support the proposal, which is expected to pass [78][79] Question: Expectations for NGL realizations and infrastructure needs - Management noted that NGL realizations were strong due to seasonal factors and confirmed that infrastructure needs are covered within the budget [104][103]

• 2024 estimated payout of ~$6.00 per share; ~8% yield(2) (1) Reinvestment rate calculated as midpoint of 2024 capex guidance / consensus 2024 EBITDAX. (2) Yield based on market capitalization of $7.2 B as of market close 04/30/24. The decision to pay dividends is subject to the discretion and approval of the Board and certain restrictive covenants contained in Civitas' credit facility and the indentures governing its senior notes. See Slide 2 for additional information on the limitations of Civitas/ abilit ...

Table of Contents CIVITAS RESOURCES, INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Operations When we use the terms "Civitas," the "Company," "we," "us," or "our," we are referring to Civitas Resources, Inc. and its consolidated subsidiaries unless the context otherwise requires. Civitas is an independent exploration and production company focused on the acquisition, development, and production of ...

Civitas Resources Reports First Quarter 2024 Results DENVER — May 2, 2024 - Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its first quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, May 3, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. | --- | --- | |-----------------------------------|-------- ...

The most recent trading session ended with Civitas Resources (CIVI) standing at $75.29, reflecting a +0.07% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.2%.Coming into today, shares of the oil and gas company had gained 18.79% in the past month. In that same time, the Oils-Energy sector gained 6.39%, while the S&P 500 gained 5.11%.Analysts and inv ...

In the latest trading session, Civitas Resources (CIVI) closed at $75.24, marking a +1.92% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.89%. On the other hand, the Dow registered a gain of 1.03%, and the technology-centric Nasdaq increased by 1.25%.Shares of the oil and gas company witnessed a gain of 19.45% over the previous month, beating the performance of the Oils-Energy sector with its gain of 5.25% and the S&P 500's gain of 3.56%.Analysts and investors ali ...