Civitas Resources Inc (CIVI)

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Why is Civitas Resources Inc (CIVI) Stock down?

We've noticed a 5.54% decline in Civitas Resources Inc (CIVI) stock during the 2023-11-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

04 Oct, 2023:

Shares of Civitas Resources (CIVI) dropped by 8.11% from $77.21 to $70.95 in the trading on Wednesday October 4, 2023. The CIVI stock is down due to the company's agreement to pay $2.1 billion to Vencer Energy, a business backed by Luxembourg-based investment holding company Vitol, for the acquisition of oil-producing assets located in the Midland Basin of West Texas. The transaction is set to conclude in January.