Key Points
- Battalion Oil Director William Rogers bought 70,000 shares at an average price of $1.30, investing $91,000 and increasing his direct holdings by 3,500% to 72,000 shares.
- BATL shares opened at $1.31 and were down 1.5%; the stock trades well below its 52-week high of $29.70 and has a market capitalization of approximately $75 million.
- Institutional investors and hedge funds own 86.01% of Battalion Oil, with firms including BlackRock, Geode Capital Management and Citadel Advisors recently increasing or initiating positions.
Battalion Oil Co. (NYSEAMERICAN:BATL - Get Free Report) Director Gregory Hinds acquired 14,400 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $1.31 per share, with a total value of $18,864.00. Following the transaction, the director directly owned 26,001 shares in the company, valued at approximately $34,061.31. The trade was a 124.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Battalion Oil Stock Down 1.5%
BATL opened at $1.31 on Friday. The firm has a market cap of $75.04 million, a PE ratio of -0.26 and a beta of 0.43. The business has a fifty day simple moving average of $1.43 and a 200-day simple moving average of $4.07. Battalion Oil Co. has a fifty-two week low of $1.00 and a fifty-two week high of $29.70.
Battalion Oil (NYSEAMERICAN:BATL - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $48.13 million during the quarter.
Institutional Trading of Battalion Oil
Several institutional investors and hedge funds have recently bought and sold shares of BATL. Citadel Advisors LLC lifted its stake in 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 buying an additional 10,189 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Battalion Oil by 50.4% in the fourth 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 during the period. XTX Topco Ltd increased 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 worth $36,000 after acquiring an additional 13,523 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Battalion Oil in the first quarter worth approximately $99,000. Finally, BlackRock Inc. acquired a new stake in shares of Battalion Oil during the second quarter valued at approximately $977,000. Institutional investors and hedge funds 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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