8 June 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. insider Marvin M Chronister received 6,490 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 June 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. insider Jeff E Wojahn received 6,490 shares as part of the equity award.
8 June 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. insider James A Watt received 6,490 shares as part of the equity award.
8 June 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. insider Gregory P Raih received 6,490 shares as part of the equity award.
15 May 2015debt financing▼ Bad
On May 13, 2015 the company and KeyBank amended its revolving credit agreement (Amendment No. 11), cutting the borrowing base from $600 million to $550 million and setting a maximum senior debt to EBITDAX ratio and a minimum interest coverage ratio of 2.50 to 1.00 each. The company chose to limit bank commitments to $500 million, with the option to access the full $550 million before the next redetermination; this continues the borrowing base changes from Amendment 10.
30 Apr 2015agm notice● Neutral
The company sent out its proxy statement for the June 4, 2015 annual meeting. Holders were asked to elect three Class III directors, approve the amended 2011 Long Term Incentive Plan, ratify Hein & Associates as auditor, and cast an advisory vote on executive pay.
31 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. Vice President, Finance Ryan Zorn had 669 shares withheld for taxes on vesting stock.
31 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP and COO Anthony G Buchanon had 683 shares withheld for taxes on vesting stock.
31 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. VP, Chief Accounting Officer Wade E Jaques had 785 shares withheld for taxes on vesting stock.
31 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. General Counsel & EVP Christopher Humber had 872 shares withheld for taxes on vesting stock.
31 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. Sr. VP, Planning & Reserves Lynn Boone had 819 shares withheld for taxes on vesting stock.
17 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. Vice President, Finance Ryan Zorn had 447 shares withheld for taxes on vesting stock.
17 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP and COO Anthony G Buchanon had 1,328 shares withheld for taxes on vesting stock.
17 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. General Counsel & EVP Christopher Humber had 861 shares withheld for taxes on vesting stock.
17 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP, CFO William J. Cassidy had 1,328 shares withheld for taxes on vesting stock.
17 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. VP, Chief Accounting Officer Wade E Jaques had 531 shares withheld for taxes on vesting stock.
17 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. Sr. VP, Planning & Reserves Lynn Boone had 542 shares withheld for taxes on vesting stock.
17 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. insider David Lillo had 456 shares withheld for taxes on vesting stock.
13 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Finance & Treasurer Ryan Zorn received 13,008 shares and a 7,701-share option grant as part of the equity award.
13 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. Sr. VP, Planning & Reserves Lynn Boone received 9,147 shares and a 9,147-share option grant as part of the equity award.
13 Mar 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Production & Operations David Lillo received 10,095 shares and a 7,852-share option grant as part of the equity award.
18 Feb 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. General Counsel & EVP Christopher Humber had 2,797 shares withheld for taxes on vesting stock.
18 Feb 2015director interest notice● Neutral
CIVITAS RESOURCES, INC. VP, Chief Accounting Officer Wade E Jaques had 2,809 shares withheld for taxes on vesting stock.
13 Feb 2015substantial holder notice● Neutral
Capital World Investors ** disclosed a new substantial CIVITAS RESOURCES, INC. shareholding (7.00% of votes).
11 Feb 2015substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial CIVITAS RESOURCES, INC. shareholding (5.17% of votes).
10 Feb 2015director interest notice● Neutral
Ryan Zorn became a CIVITAS RESOURCES, INC. SVP, Finance & Treasurer and company insider (initial ownership filing).
9 Feb 2015substantial holder notice● Neutral
Millennium Management LLC and Israel A. Englander, together with related Millennium and Integrated Core Strategies entities, disclosed a 5.7% stake (2,835,881 shares) in the company. The filing was triggered by an event on February 3, 2015.
6 Feb 2015material agreement● NeutralMajor
The company sold 8,050,000 new shares in a public offering (7,000,000 plus the underwriters' full 1,050,000 over-allotment option) at $25.21 per share to the underwriters, closing February 6, 2015, for net proceeds of about $202.6 million. The money is to repay all borrowings under the revolving credit facility, with the rest for general corporate purposes. This dilutes existing shareholders; the price is well below the $45.42 per share used in the July 2014 acquisition (a comparison from the filings' figures).
5 Feb 2015director interest notice● Neutral
David Lillo became a CIVITAS RESOURCES, INC. SVP, Production & Operations and company insider (initial ownership filing).
5 Feb 2015director interest notice● Neutral
Ryan Zorn became a CIVITAS RESOURCES, INC. SVP, Finance & Treasurer and company insider (initial ownership filing).