Insider Selling: Battalion Oil (NYSEAMERICAN:BATL) Director Sells $4,813,320.46 in Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Luminus Management Llc sold 1,209,377 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $3.98, for a total value of $4,813,320.46. Following the completion of the sale, the director owned 2,006,508 shares of the company’s stock, valued at $7,985,901.84. This trade represents a 37.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Luminus Management Llc also recently made the following trade(s):

• On Monday, March 30th, Luminus Management Llc sold 681,105 shares of Battalion Oil stock. The shares were sold at an average price of $5.59, for a total value of $3,807,376.95.

Battalion Oil Stock Performance

Shares of Battalion Oil stock opened at $4.21 on Friday. The business’s 50 day moving average price is $8.18 and its 200 day moving average price is $3.61. The company has a market cap of $78.90 million, a price-to-earnings ratio of -1.89 and a beta of 0.76. Battalion Oil Co. has a one year low of $1.00 and a one year high of $29.70.

Battalion Oil (NYSEAMERICAN:BATL) last issued its earnings results on Monday, March 23rd. The company reported ($1.16) earnings per share (EPS) for the quarter. The business had revenue of $32.27 million during the quarter.

Institutional Investors Weigh In On Battalion Oil

Several hedge funds and other institutional investors have recently bought and sold shares of BATL. Geode Capital Management LLC raised its stake in Battalion Oil by 50.4% during the fourth quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock worth $73,000 after purchasing an additional 21,737 shares during the period. Citadel Advisors LLC grew its stake in shares of Battalion Oil by 40.8% in the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock valued at $43,000 after buying an additional 10,189 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Battalion Oil by 74.7% in the 4th quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after buying an additional 13,523 shares during the period. 86.01% of the stock is currently owned by institutional investors and hedge funds.

Battalion Oil Company Profile

Battalion Oil Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. It holds interests in the Delaware Basin located in the counties of Pecos, Ward, Reeves, and Winkler, Texas. It serves independent marketers, and oil and natural gas and gas pipeline companies. The company was formerly known as Halcón Resources Corporation and changed its name to Battalion Oil Corporation in January 2020.