U.S. Energy (NASDAQ:USEG) Major Shareholder Sells $543,537.50 in Stock

U.S. Energy Corp. (NASDAQ:USEG) major shareholder Joshua Lane Batchelor sold 434,830 shares of U.S. Energy stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $1.25, for a total value of $543,537.50. Following the sale, the insider directly owned 84,663 shares in the company, valued at $105,828.75. This trade represents a 83.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Joshua Lane Batchelor also recently made the following trade(s):

• On Tuesday, March 3rd, Joshua Lane Batchelor sold 265,170 shares of U.S. Energy stock. The shares were sold at an average price of $1.37, for a total value of $363,282.90.

U.S. Energy Trading Down 22.4%

USEG traded down $0.32 during trading hours on Wednesday, hitting $1.11. The company’s stock had a trading volume of 12,891,431 shares, compared to its average volume of 5,060,520. The business’s 50-day moving average price is $1.02 and its 200-day moving average price is $1.09. U.S. Energy Corp. has a 12 month low of $0.91 and a 12 month high of $2.75. The stock has a market cap of $39.77 million, a price-to-earnings ratio of -1.34 and a beta of 0.55.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of U.S. Energy in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.50.

Hedge Funds Weigh In On U.S. Energy

A number of hedge funds and other institutional investors have recently modified their holdings of USEG. Verity Asset Management Inc. purchased a new position in U.S. Energy in the second quarter valued at about $145,000. State Street Corp grew its position in shares of U.S. Energy by 49.6% in the 4th quarter. State Street Corp now owns 47,371 shares of the energy company’s stock worth $44,000 after buying an additional 15,700 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of U.S. Energy during the 3rd quarter worth approximately $54,000. Uniting Wealth Partners LLC purchased a new stake in U.S. Energy during the third quarter valued at approximately $53,000. Finally, XTX Topco Ltd lifted its position in U.S. Energy by 61.5% during the second quarter. XTX Topco Ltd now owns 44,841 shares of the energy company’s stock valued at $63,000 after acquiring an additional 17,080 shares during the last quarter. 3.00% of the stock is currently owned by institutional investors.

About U.S. Energy

U.S. Energy Corp. (NASDAQ: USEG) is an independent oil and natural gas exploration and production company that acquires, develops and operates hydrocarbon properties across onshore regions in the United States. The company’s activities encompass geological evaluation, drilling, completion and working-interest management, with an emphasis on cost-efficient development of discovered reserves and maximizing production from existing assets.

Over time, U.S. Energy has pursued growth through disciplined lease acquisitions, joint-venture partnerships and targeted drilling programs.