Top 5 Stock Picks of Ali Motamed’s Invenomic Capital Management

4. Civitas Resources, Inc. (NYSE:CIVI)

Invenomic Capital Management Stake Value: $8,364,000
Percentage of Invenomic Capital Management’s 13F Portfolio: 2.71%
Number of Hedge Fund Holders: 12

Civitas Resources, Inc. (NYSE:CIVI) makes carbon-neutral oil and gas. In Colorado’s Denver-Julesburg Basin, Civitas Resources, Inc. concentrates on developing and producing crude oil, natural gas, and natural gas liquids. Civitas Resources, Inc. (NYSE:CIVI) declared a quarterly dividend of $0.4625 per share on December 13, up 32.1% from the previous payout of $0.3500 per share.

In the third quarter, Invenomic Capital Management strengthened its position in Civitas Resources, Inc. (NYSE:CIVI) by buying 9,322 additional shares. Richard Driehaus’ Driehaus Capital is Civitas Resources, Inc.’s (NYSE:CIVI) most significant stakeholder, with 391,292 shares worth $18.74 million.