Key Points
- Luminus Management LLC, a Battalion Oil director, sold 681,105 shares on March 30 at an average of $5.59 for $3,807,376.95, reducing its stake by 32.48% to 1,415,885 shares valued at about $7.91 million.
- On March 31 Luminus sold another 1,209,377 shares at an average of $3.98 for $4,813,320.46, meaning the two-day insider disposals totaled roughly $8.62 million.
- Battalion Oil has a market cap of about $78.9 million, reported a quarterly EPS of -$1.16 on $32.27 million in revenue, and its one-year trading range is $1.00 to $29.70 (50-day avg $8.12, 200-day avg $3.57).
Battalion Oil Co. (NYSEAMERICAN:BATL - Get Free Report) Director Luminus Management Llc sold 681,105 shares of the company's stock in a transaction dated 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 directly owned 1,415,885 shares of the company's stock, valued at $7,914,797.15. The trade was a 32.48% decrease in their position. The sale 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 shares were sold at an average price of $3.98, for a total value of $4,813,320.46.
Battalion Oil Stock Performance
Battalion Oil stock opened at $4.21 on Friday. The firm has a market capitalization of $78.90 million, a PE 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. The stock's 50 day moving average price is $8.12 and its 200 day moving average price is $3.57.
Battalion Oil (NYSEAMERICAN:BATL - Get Free Report) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($1.16) earnings per share (EPS) for the quarter. The business had revenue of $32.27 million for the quarter.
Institutional Investors Weigh In On Battalion Oil
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Battalion Oil by 50.4% in the 4th quarter. Geode Capital Management LLC now owns 64,862 shares of the company's stock worth $73,000 after buying an additional 21,737 shares in the last quarter. XTX Topco Ltd grew its stake in shares of 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 in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Battalion Oil by 40.8% during the third quarter. Citadel Advisors LLC now owns 35,173 shares of the company's stock valued at $43,000 after acquiring an additional 10,189 shares in the last quarter. Hedge funds and other institutional investors own 86.01% of the company's stock.
Battalion Oil Company Profile
(
Get Free Report)
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.
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