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

Battalion Oil Co. (NYSEAMERICAN:BATL) Director Luminus Management Llc sold 681,105 shares of the business’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $5.59, for a total value of $3,807,376.95. Following the sale, the director directly owned 1,415,885 shares of the company’s stock, valued at approximately $7,914,797.15. This trade represents a 32.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

NYSEAMERICAN BATL opened at $4.21 on Friday. The firm has a market capitalization of $78.90 million, a P/E ratio of -1.89 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 simple moving average is $8.12 and its 200-day simple moving average is $3.57.

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

Hedge Funds Weigh In On Battalion Oil

A number of hedge funds have recently made changes to their positions in the business. 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 acquiring an additional 21,737 shares in the last quarter. XTX Topco Ltd increased its holdings in Battalion Oil by 74.7% in the 4th quarter. XTX Topco Ltd now owns 31,627 shares of the company’s stock valued at $36,000 after purchasing an additional 13,523 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in 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 purchasing 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

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.