SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 4.7% Passive Stake in Civitas Resources Inc.
Beneficial Ownership Filing
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G disclosing a passive beneficial ownership of 4.7% in Civitas Resources Inc. as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 4,403,745.20 shares of Civitas Resources Inc. common stock.
- This represents 4.7% of the total outstanding common stock of Civitas Resources Inc.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating a passive investment intent.
- FMR LLC holds sole voting power over 4,396,544.00 shares and sole dispositive power over 4,403,745.20 shares.
- Abigail P. Johnson, as a predominant owner and executive of FMR LLC, is deemed to beneficially own the same aggregate amount of shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure (Schedule 13G) and does not contain information that would significantly alter the sentiment towards the issuer. It simply confirms a passive stake held by a large asset manager.
Positives
- A major investment management firm, FMR LLC (Fidelity), holds a significant, albeit passive, stake in Civitas Resources Inc., which can be viewed as a vote of confidence in the company.
Negatives
- No specific negative information regarding Civitas Resources Inc. is disclosed in this beneficial ownership filing.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Civitas Resources Inc.'s future performance or operations.
Industry Context
This filing is a routine disclosure of passive institutional ownership and does not provide specific insights into broader industry trends or competitive dynamics within the energy sector. It merely indicates FMR LLC's investment position in Civitas Resources Inc., an oil and gas exploration and production company.
Related Party Transactions
- The filing indicates that Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC and a predominant owner of its voting shares, is deemed to be part of a controlling group with respect to FMR LLC, and her beneficial ownership is reported jointly with FMR LLC.
Stakeholder Impact
- The disclosure of FMR LLC's passive stake may provide a degree of confidence to existing shareholders due to the involvement of a prominent institutional investor.
- No direct impact on employees, customers, suppliers, or creditors is indicated by this ownership disclosure.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-05-09 | Date of signing of the Schedule 13G filing. |
Keywords
Civitas Resources Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Institutional Ownership
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