Insider Buying: Battalion Oil (NYSEAMERICAN:BATL) Director Acquires $91,000.00 in Stock

Battalion Oil Co. (NYSEAMERICAN:BATL) Director William Rogers bought 70,000 shares of Battalion Oil stock in a transaction on Wednesday, August 26th. The shares were purchased at an average cost of $1.30 per share, for a total transaction of $91,000.00. Following the acquisition, the director owned 72,000 shares in the company, valued at $93,600. The trade was a 3,500.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Battalion Oil Stock Performance

Shares of NYSEAMERICAN BATL opened at $1.31 on Monday. The company has a market capitalization of $75.04 million, a price-to-earnings ratio of -0.26 and a beta of 0.43. Battalion Oil Co. has a twelve month low of $1.00 and a twelve month high of $29.70. The business has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $4.07.

Battalion Oil (NYSEAMERICAN:BATL) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $48.13 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Battalion Oil in the second quarter worth approximately $977,000. HighTower Advisors LLC purchased a new position in Battalion Oil during the second quarter valued at approximately $131,000. Geode Capital Management LLC lifted its holdings in shares of Battalion Oil by 50.4% during 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 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 in the last quarter. Finally, AlphaGrep UK Ltd bought a new position in Battalion Oil during the second quarter valued at about $43,000. 86.01% of the stock is owned by institutional investors and hedge funds.

About Battalion Oil

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.