17 Mar 2016director interest notice● Neutral
CIVITAS RESOURCES, INC. VP, Chief Accounting Officer Wade E Jaques had 1,595 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Mar 2016securities registration● Neutral
CIVITAS RESOURCES, INC. amended an already-effective registration statement.
10 Mar 2016debt financing▼ BadMajor
On March 7, 2016 the company borrowed $209 million on its revolver, bringing borrowings and letters of credit to $300 million (including $12 million of letters of credit). Cash was $235 million as of March 9, 2016 versus $21 million at year-end 2015. The CEO called the draw a risk management decision; the company also restructured its oil hedges and said it is working on selling its Mid-Continent assets and Rocky Mountain Infrastructure.
29 Feb 2016material agreement termination▼ BadMajor
On February 29, 2016 the sale of Rocky Mountain Infrastructure to Meritage was cancelled by mutual agreement, and Meritage owes the company $6 million within three business days. The company says it plans to re-market the assets. This ends the November 2015 sale. The filing also announced 2015 results, but the text gives no figures.
26 Feb 2016securities registration● Neutral
CIVITAS RESOURCES, INC. amended its automatic shelf registration statement.
25 Feb 2016director interest notice● Neutral
CIVITAS RESOURCES, INC. VP, Chief Accounting Officer Wade E Jaques exercised stock options for 2,726 shares and disposed of 3,743 shares.
25 Feb 2016director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP and COO Anthony G Buchanon exercised stock options for 2,373 shares and disposed of 3,258 shares.
25 Feb 2016director interest notice● Neutral
CIVITAS RESOURCES, INC. Sr. VP, Planning & Reserves Lynn Boone exercised stock options for 2,847 shares and disposed of 3,909 shares.
25 Feb 2016director interest notice● Neutral
CIVITAS RESOURCES, INC. General Counsel & EVP Christopher Humber exercised stock options for 3,030 shares and disposed of 4,160 shares.
25 Feb 2016director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP, CFO William J. Cassidy exercised stock options for 4,202 shares and disposed of 5,769 shares.
16 Feb 2016substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings II LP, Citadel GP LLC, Kenneth Griffin reported a CIVITAS RESOURCES, INC. shareholding of 3.70% of votes in a periodic institutional filing.
16 Feb 2016substantial holder notice● Neutral
Cubist Systematic Strategies and Steven A. Cohen reported 15,988 shares, less than 0.1% of the company, as of December 31, 2015. Point72 Asset Management and Point72 Capital Advisors reported no shares.
12 Feb 2016substantial holder notice● Neutral
Capital World Investors ** reported no remaining CIVITAS RESOURCES, INC. shareholding in its periodic institutional filing.
10 Feb 2016substantial holder notice● Neutral
The Vanguard Group reported a CIVITAS RESOURCES, INC. shareholding of 3,512,378 shares (7.05% of votes) in a periodic institutional filing.
9 Feb 2016substantial holder notice● Neutral
Integrated Assets II LLC, ICS Opportunities, Ltd, Integrated Assets, Ltd, Millennium International Management LP, Millennium International Management GP LLC, Millennium Management LLC, Israel A. Englander reported a CIVITAS RESOURCES, INC. shareholding of 2,021,692 shares (4.10% of votes) in a periodic institutional filing.
29 Jan 2016substantial holder notice● Neutral
John Thiessen, Vertex One Asset Management, Inc disclosed a new substantial CIVITAS RESOURCES, INC. shareholding (5.80% of votes).
25 Jan 2016substantial holder notice● Neutral
BlackRock, Inc reported a CIVITAS RESOURCES, INC. shareholding of 4,218,910 shares (8.50% of votes) in a periodic institutional filing.
7 Dec 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. insider Marvin M Chronister sold 5,315 shares.
2 Dec 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. insider Marvin M Chronister disposed of 5,315 shares via option/appreciation-right settlement.
17 Nov 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Finance & Treasurer Ryan Zorn had 2,665 shares withheld for taxes on vesting stock.
17 Nov 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. President and CEO Richard J Carty had 1,978 shares withheld for taxes on vesting stock.
12 Nov 2015director interest notice● Neutral
Ramon Moore became a CIVITAS RESOURCES, INC. Senior Vice President, Land and company insider (initial ownership filing).
10 Nov 2015material agreement▲ GoodMajor
On November 5, 2015 the company's subsidiary agreed to sell its midstream subsidiary Rocky Mountain Infrastructure, LLC to Meritage Midstream Services IV, LLC for up to $255 million: $175 million at closing and up to $80 million more over about two years, tied to drilling and completion of a set number of wells. Closing was expected by December 31, 2015 and no later than January 31, 2016, and either party could walk away by paying a $6 million fee.
20 Oct 2015debt financing▼ Bad
On October 19, 2015 lenders cut the borrowing base from $550 million to $475 million, and the company set its commitment at $475 million, down 5% from $500 million. As of September 30, 2015 it had $69 million drawn and about $25 million of cash.
17 Sept 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP & CFO William J. Cassidy had 1,209 shares withheld for taxes on vesting stock.
11 Sept 2015substantial holder notice● Neutral
Point, Cubist Systematic Strategies, LLC, Steven A. Cohen disclosed a new substantial CIVITAS RESOURCES, INC. shareholding (5.70% of votes).
18 Aug 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP and COO Anthony G Buchanon had 2,665 shares withheld for taxes on vesting stock.
18 Aug 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. Sr. VP, Planning & Reserves Lynn Boone had 2,665 shares withheld for taxes on vesting stock.
14 Aug 2015securities registration● Neutral
CIVITAS RESOURCES, INC. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
8 June 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. insider Kevin A Neveu received 6,490 shares as part of the equity award.