Luminus Management Llc Sells 1,209,377 Shares of Battalion Oil (NYSEAMERICAN:BATL) Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Luminus Management Llc sold 1,209,377 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $3.98, for a total transaction 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 represents a 37.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 Up 10.3%

Shares of NYSEAMERICAN:BATL traded up $0.40 on Thursday, reaching $4.25. The company had a trading volume of 30,318,544 shares, compared to its average volume of 15,785,415. The stock has a market capitalization of $79.59 million, a P/E ratio of -1.94 and a beta of 0.76. The stock has a 50-day moving average price of $8.06 and a 200 day moving average price of $3.57. Battalion Oil Co. has a twelve month low of $1.00 and a twelve month high of $29.70.

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

Institutional Trading of Battalion Oil

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew 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 buying an additional 21,737 shares during the last quarter. Citadel Advisors LLC lifted 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 acquiring an additional 10,189 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in Battalion Oil by 74.7% during 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 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.