22 Mar 2019debt financing● Neutral
Diamondback registered its $750 million of add-on 2024 bonds from September 2018 so holders could exchange them for public notes.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Mar 2019director interest notice● Neutral
Diamondback Energy, Inc. Executive Vice President Randall J Holder sold 4,000 shares at $104.13.
18 Mar 2019director interest notice● Neutral
Diamondback Energy, Inc. Exec. VP and Chief HR Officer Soliman Jennifer sold 350 shares at $104.41.
14 Mar 2019director interest notice● Neutral
Diamondback Energy, Inc. CFO & Exec. VP - Bus Dev Van't Hof Matthew Kaes sold 1,700 shares at $101.82.
12 Mar 2019director interest notice● Neutral
Diamondback Energy, Inc. President and COO Hollis Michael L. bought 5,313 shares on the open market at $95.12.
25 Feb 2019director interest notice● Neutral
Diamondback Energy, Inc. Sr. VP and Chief HR Officer Soliman Jennifer had 185 shares withheld for taxes on vesting stock.
19 Feb 2019quarterly activities report● Neutral
Diamondback reported fourth quarter 2018 net income of $307 million ($2.50 per diluted share) and full year 2018 net income of $846 million. Q4 production was 182.8 Mboe/d, up 97% year over year.
14 Feb 2019substantial holder notice● Neutral
Capital Research Global Investors ** disclosed a new substantial Diamondback Energy, Inc. shareholding (5.40% of votes).
14 Feb 2019substantial holder notice● Neutral
Capital World Investors ** reported a Diamondback Energy, Inc. shareholding of 11,604,081 shares (7.00% of votes) in a periodic institutional filing.
14 Feb 2019substantial holder notice● Neutral
The Growth Fund of America disclosed a new substantial Diamondback Energy, Inc. shareholding (5.50% of votes).
12 Feb 2019substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a Diamondback Energy, Inc. shareholding of 10,109,306 shares (6.16% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group reported a Diamondback Energy, Inc. shareholding of 17,230,318 shares (10.50% of votes) in a periodic institutional filing.
11 Feb 2019director interest notice● Neutral
Zmigrosky Matt became a Diamondback Energy, Inc. Exec. VP and General Counsel and company insider (initial ownership filing).
22 Jan 2019substantial holder notice● Neutral
JPMORGAN CHASE & CO reported a Diamondback Energy, Inc. shareholding of 12,180,165 shares (7.40% of votes) in a periodic institutional filing.
10 Jan 2019substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial Diamondback Energy, Inc. shareholding (10.00% of votes).
21 Dec 2018director interest notice● Neutral
Diamondback Energy, Inc. Sr. VP - Strategy & Corp Dev Van't Hof Matthew Kaes sold 1,000 shares at $89.91.
10 Dec 2018substantial holder notice● Neutral
The Vanguard Group reported a Diamondback Energy, Inc. shareholding of 16,660,973 shares (10.15% of votes) in a periodic institutional filing.
7 Dec 2018substantial holder notice● Neutral
JPMORGAN CHASE & CO reported a Diamondback Energy, Inc. shareholding of 12,141,708 shares (11.90% of votes) in a periodic institutional filing.
6 Dec 2018asset acquisition disposition▲ GoodMajor
Diamondback completed its $9.2 billion all-stock acquisition of Energen Corporation, repaying $560 million of Energen's existing debt and assuming Energen's remaining $530 million of legacy bonds.
29 Nov 2018securities registration● Neutral
Diamondback Energy, Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
16 Nov 2018business combination● Neutral
Diamondback and Energen Corporation added extra disclosures to their merger filings after shareholders sued alleging the proxy materials omitted information - a standard step taken to head off the litigation before the vote.
14 Nov 2018merger communication▲ Good
Proxy advisors ISS and Glass Lewis both recommended shareholders vote in favor of the Energen Corporation merger, clearing a key hurdle before the November 27 vote.
7 Nov 2018quarterly activities report● Neutral
Diamondback filed its 10-Q for the quarter ended September 30, 2018, showing cash of $508 million and referencing its recent Ajax Resources acquisition and pending Energen acquisition.
7 Nov 2018merger communication● Neutral
Diamondback published an investor presentation ahead of the shareholder vote on its pending Energen Corporation merger.
6 Nov 2018quarterly activities report● Neutral
Diamondback reported third quarter 2018 net income of $157 million ($1.59 per diluted share) on production of 123.0 Mboe/d, up 45% year over year. It also raised full-year 2018 production guidance and closed the Ajax and ExL/EnergyQuest acquisitions on October 31.
1 Nov 2018debt financing▲ Good
Diamondback raised its credit-facility borrowing base to $2.5 billion, rising further to $2.65 billion now that its acquisition of Ajax Resources' assets closed on October 31, 2018.
25 Oct 2018securities registration● Neutral
Diamondback filed the final joint proxy statement/prospectus for its acquisition of Energen, offering 0.6442 Diamondback shares per Energen share. Both companies' special shareholder meetings were set for November 27, 2018, with an October 19, 2018 record date.
18 Oct 2018business combination● Neutral
Amendment No. 2 to the Energen registration, still a preliminary document with the special meeting and record dates left blank. It re-states the deal it exists to register - 0.6442 Diamondback shares per Energen share, J.P. Morgan's opinion for Energen, the $400 million reverse break fee - with the disclosure reorganised rather than repriced.
11 Oct 2018business combination● Neutral
The amendment delivered the two tax opinions the original had only promised -- Akin Gump for Diamondback and Wachtell Lipton for Energen, both to the effect that the merger is a tax-free reorganisation -- and added a risk factor Energen holders would inherit: Diamondback's charter makes the Delaware Court of Chancery the only place they can bring derivative or fiduciary-duty claims.
10 Oct 2018substantial holder notice● Neutral
Wellington Management Group LLP and three affiliated Wellington entities reported in an amended Schedule 13G that they beneficially owned 10,615,096 Diamondback shares, 10.76% of the class, as of September 28, 2018. They held shared voting power over 6,278,127 of those shares.