Battalion Oil (NYSEAMERICAN:BATL) Director Luminus Management Llc Sells 681,105 Shares

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Luminus Management Llc sold 681,105 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $5.59, for a total value of $3,807,376.95. Following the completion of the sale, the director owned 1,415,885 shares in the company, valued at approximately $7,914,797.15. This represents a 32.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, March 31st, Luminus Management Llc sold 1,209,377 shares of Battalion Oil stock. The stock was sold at an average price of $3.98, for a total value of $4,813,320.46.

Battalion Oil Price Performance

BATL traded up $0.40 during trading on Thursday, reaching $4.25. 30,318,544 shares of the stock were exchanged, compared to its average volume of 15,785,415. The company has a market capitalization of $79.59 million, a price-to-earnings ratio of -1.90 and a beta of 0.76. Battalion Oil Co. has a 1 year low of $1.00 and a 1 year high of $29.70. The business’s 50 day moving average price is $8.06 and its two-hundred day moving average price is $3.57.

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

Hedge Funds Weigh In On Battalion Oil

Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd lifted its position in shares of Battalion Oil by 74.7% in the fourth quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after acquiring an additional 13,523 shares in the last quarter. Citadel Advisors LLC increased its position in Battalion Oil by 40.8% during the 3rd quarter. Citadel Advisors LLC now owns 35,173 shares of the company’s stock worth $43,000 after purchasing an additional 10,189 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Battalion Oil by 50.4% in the 4th quarter. Geode Capital Management LLC now owns 64,862 shares of the company’s stock valued at $73,000 after purchasing an additional 21,737 shares during the last quarter. 86.01% of the stock is 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.