• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13D/A filed by Civitas Resources Inc. (Amendment)

    4/3/24 5:20:51 PM ET
    $CIVI
    Oil & Gas Production
    Energy
    Get the next $CIVI alert in real time by email
    SC 13D/A 1 p24-1360sc13da.htm CIVITAS RESOURCES, INC.

     

    SECURITIES AND EXCHANGE COMMISSION  
    Washington, D.C. 20549  
       
    SCHEDULE 13D/A
     
    Under the Securities Exchange Act of 1934
    (Amendment No. 3)*
     

    Civitas Resources, Inc.

    (Name of Issuer)
     

    Common Stock, par value $0.01 per share

    (Title of Class of Securities)
     

    17888H103

    (CUSIP Number)
     
    Benjamin Dell
    Kimmeridge Energy Management Company, LLC
    15 Little West 12th Street - 4th Floor
    New York, NY 10014
     
    Eleazer Klein, Esq.
    Adriana Schwartz, Esq.
    Schulte Roth & Zabel LLP
    919 Third Avenue
    New York, NY 10022

    (212) 756-2000

    (Name, Address and Telephone Number of Person
    Authorized to Receive Notices and Communications)
     

    April 2, 2024

    (Date of Event Which Requires Filing of This Statement)
     

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ]

    (Page 1 of 4 Pages)

    ______________________________

    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

    CUSIP No. 17888H103SCHEDULE 13D/APage 2 of 4 Pages

     

    1

    .

    NAME OF REPORTING PERSON

    Kimmeridge Energy Management Company, LLC

    2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a) ¨

    (b) ¨

    3 SEC USE ONLY

    4

    SOURCE OF FUNDS

    AF

    5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
    6

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    7

    SOLE VOTING POWER

    4,172,358

    8

    SHARED VOTING POWER

    0

    9

    SOLE DISPOSITIVE POWER

    4,172,358

    10

    SHARED DISPOSITIVE POWER

    0

    11

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    4,172,358

    12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
    13

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    4.1%

    14

    TYPE OF REPORTING PERSON

    OO

             

     

     

    CUSIP No. 17888H103SCHEDULE 13D/APage 3 of 4 Pages

     

    The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned (the “Amendment No. 3”). This Amendment No. 3 amends the Schedule 13D as specifically set forth herein.

     

    Item 5. INTEREST IN SECURITIES OF THE ISSUER
       
      Items 5(a)-(c), and (e) of the Schedule 13D is hereby amended and restated by the following:
       
    (a) See rows (11) and (13) of the cover page to this Schedule 13D/A for the aggregate number of Shares and percentage of the Shares beneficially owned by the Reporting Person.  The percentages used in this Schedule 13D/A are calculated based upon 101,020,532 Shares outstanding as of February 23, 2024, as reported in the Issuer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission on February 27, 2024.
       
    (b) See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
       
    (c) On April 2, 2024, the Kimmeridge Fund sold 4,200,000 Shares in a block trade to J.P. Morgan Securities LLC at a price of $75.00 per Share.
       
    (e) April 2, 2024.

     

     

     

    CUSIP No. 17888H103SCHEDULE 13D/APage 4 of 4 Pages

     

    SIGNATURES

    After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

    Date: April 3, 2024

     

     

      KIMMERIDGE ENERGY MANAGEMENT COMPANY, LLC
       
       
      By:  /s/Tamar Goldstein
      Name:   Tamar Goldstein
      Title:     General Counsel

     

    Get the next $CIVI alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $CIVI

    DatePrice TargetRatingAnalyst
    3/24/2025$50.00 → $42.00Outperform → Market Perform
    BMO Capital Markets
    3/5/2025$80.00 → $42.00Buy → Hold
    Siebert Williams Shank
    2/26/2025$68.00 → $62.00Overweight → Neutral
    Analyst
    2/25/2025Outperform → Neutral
    Pickering Energy Partners
    2/25/2025Overweight → Sector Weight
    KeyBanc Capital Markets
    1/10/2025$64.00Overweight
    Morgan Stanley
    10/16/2024$60.00Neutral
    UBS
    9/18/2024$67.00Overweight
    JP Morgan
    More analyst ratings

    $CIVI
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Civitas Resources, Inc. Reports First Quarter 2025 Results

      Implementing cost optimization and operational efficiency initiatives to deliver over $100 million in annualized free cash flow Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its first quarter 2025 financial and operating results. A webcast and conference call to review the Company's results is planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Management Quote CEO Chris Doyle commented, "Our high-quality, low-breakeven assets continue to position us well in the current environment, following ou

      5/7/25 4:12:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources, Inc. Announces Clay Carrell President and Chief Operating Officer

      Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") announced that Clay Carrell has joined the Company as President and Chief Operating Officer, effective today. Chris Doyle, Chief Executive Officer, said, "On behalf of the Board of Directors and the Company, I am excited to welcome Clay to the Civitas team. He brings proven leadership experience, having successfully managed multi-basin development programs and the effective deployment of best practices to safely lower costs and enhance margins. Clay's experience will help ensure that we maximize the value of our quality asset base as we execute our strategic objectives." Carrell said, "I am thrilled to join this talented tea

      5/7/25 4:10:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources, Inc. Schedules First Quarter 2025 Conference Call and Webcast

      Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its first quarter 2025 operating and financial results after market close on Wednesday, May 7, 2025. A conference call and webcast are planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich n

      4/10/25 4:27:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy

    $CIVI
    SEC Filings

    See more
    • SEC Form 10-Q filed by Civitas Resources Inc.

      10-Q - CIVITAS RESOURCES, INC. (0001509589) (Filer)

      5/7/25 4:32:36 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - CIVITAS RESOURCES, INC. (0001509589) (Filer)

      5/7/25 4:22:26 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - CIVITAS RESOURCES, INC. (0001509589) (Filer)

      5/7/25 4:15:33 PM ET
      $CIVI
      Oil & Gas Production
      Energy

    $CIVI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Civitas Resources downgraded by BMO Capital Markets with a new price target

      BMO Capital Markets downgraded Civitas Resources from Outperform to Market Perform and set a new price target of $42.00 from $50.00 previously

      3/24/25 8:34:02 AM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources downgraded by Siebert Williams Shank with a new price target

      Siebert Williams Shank downgraded Civitas Resources from Buy to Hold and set a new price target of $42.00 from $80.00 previously

      3/5/25 7:23:36 AM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources downgraded by Analyst with a new price target

      Analyst downgraded Civitas Resources from Overweight to Neutral and set a new price target of $62.00 from $68.00 previously

      2/26/25 7:02:52 AM ET
      $CIVI
      Oil & Gas Production
      Energy

    $CIVI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President & COO Carrell Clayton A. was granted 58,477 shares (SEC Form 4)

      4 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)

      5/8/25 4:31:28 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • SEC Form 3 filed by new insider Carrell Clayton A.

      3 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)

      5/8/25 4:30:13 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • CEO & President Doyle M. Christopher covered exercise/tax liability with 7,603 shares, decreasing direct ownership by 4% to 168,840 units (SEC Form 4)

      4 - CIVITAS RESOURCES, INC. (0001509589) (Issuer)

      5/2/25 4:30:16 PM ET
      $CIVI
      Oil & Gas Production
      Energy

    $CIVI
    Leadership Updates

    Live Leadership Updates

    See more
    • Civitas Resources, Inc. Announces Clay Carrell President and Chief Operating Officer

      Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") announced that Clay Carrell has joined the Company as President and Chief Operating Officer, effective today. Chris Doyle, Chief Executive Officer, said, "On behalf of the Board of Directors and the Company, I am excited to welcome Clay to the Civitas team. He brings proven leadership experience, having successfully managed multi-basin development programs and the effective deployment of best practices to safely lower costs and enhance margins. Clay's experience will help ensure that we maximize the value of our quality asset base as we execute our strategic objectives." Carrell said, "I am thrilled to join this talented tea

      5/7/25 4:10:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources, Inc. Appoints Lloyd W. Helms, Jr. to Board of Directors

      Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that Lloyd W. "Billy" Helms, Jr. has been appointed to the Company's Board of Directors, effective immediately. Civitas Board Chair Wouter van Kempen, said, "Billy is a fantastic addition to our board and brings a 40-year track record of operational and technical expertise. He has successfully led operating teams, creating sustainable efficiencies through proven operating practices that can be rapidly applied across multiple basins." Helms has more than 15 years of executive management experience and over 40 years of oil and gas industry experience. He most recently served at EOG Resources, Inc., where he he

      2/24/25 4:20:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources Appoints Brad Whitmarsh to Lead Investor Relations Program

      Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today announced that Brad Whitmarsh has joined Civitas as Vice President, Investor Relations. Mr. Whitmarsh will report to Chief Financial Officer Marianella Foschi and will serve as the primary liaison between the Company and the investment community. Mr. Whitmarsh joins Civitas with more than 20 years of leadership experience in the oil and gas industry. Prior to Civitas, Mr. Whitmarsh most recently served as Vice President, Investor Relations for Denbury Inc., a U.S. focused producer utilizing carbon dioxide (CO2) via enhanced oil recovery to produce carbon-negative oil. Prior to Denbury Inc., Mr. Whitmarsh was with Noble

      1/9/24 4:05:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy

    $CIVI
    Financials

    Live finance-specific insights

    See more
    • Civitas Resources, Inc. Reports First Quarter 2025 Results

      Implementing cost optimization and operational efficiency initiatives to deliver over $100 million in annualized free cash flow Civitas Resources, Inc. (NYSE:CIVI) (the "Company" or "Civitas") today reported its first quarter 2025 financial and operating results. A webcast and conference call to review the Company's results is planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com. Management Quote CEO Chris Doyle commented, "Our high-quality, low-breakeven assets continue to position us well in the current environment, following ou

      5/7/25 4:12:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources, Inc. Schedules First Quarter 2025 Conference Call and Webcast

      Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced plans to release its first quarter 2025 operating and financial results after market close on Wednesday, May 7, 2025. A conference call and webcast are planned for 6:30 a.m. MT (8:30 a.m. ET) on Thursday, May 8, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich n

      4/10/25 4:27:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Civitas Resources Provides 2025 Outlook Focused on Free Cash Flow and Debt Reduction

      Successful land optimization initiatives and bolt-on acquisition expand high–quality development inventory Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced its 2025 outlook, including a new debt reduction goal for the year, as well as an enhanced asset portfolio and a recent bolt-on transaction in the Permian Basin. Civitas President and CEO Chris Doyle said, "Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in the Permian Basin and our strong track record of execution in the DJ Basin. We are maintaining a disciplined posture in 2025 in the face of

      2/24/25 4:18:00 PM ET
      $CIVI
      Oil & Gas Production
      Energy

    $CIVI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Civitas Resources Inc.

      SC 13G - CIVITAS RESOURCES, INC. (0001509589) (Subject)

      11/12/24 9:55:14 AM ET
      $CIVI
      Oil & Gas Production
      Energy
    • Amendment: SEC Form SC 13G/A filed by Civitas Resources Inc.

      SC 13G/A - CIVITAS RESOURCES, INC. (0001509589) (Subject)

      9/4/24 4:36:54 PM ET
      $CIVI
      Oil & Gas Production
      Energy
    • SEC Form SC 13D/A filed by Civitas Resources Inc. (Amendment)

      SC 13D/A - CIVITAS RESOURCES, INC. (0001509589) (Subject)

      5/20/24 9:28:56 PM ET
      $CIVI
      Oil & Gas Production
      Energy